As we enter the first Friday of Black History Month, Maria More wanted to take some time to drop some ways we can continue to try and close the equity gap.
Related: 10 Black-Owned Coffee Brands You Should Try
We’re aware of a lot of these financial statistics, and know that Black-owned businesses need our support in changing this. Sometimes though we don’t always have that extra income, which makes us believe we can’t support a business, but Maria wants to share a few ways that you can do such a thing without needing to dig too deep into your pockets.
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“Just about 2% of businesses with employees are Black-owned and that has played a big part in widening the racial gap here in the US,” she explains. “Now, Black households make up nearly 16% of the US population, but hold under 3% of overall wealth and we hear all the time we see these big businesses marketing the Black folks. We’re spending all of the money, but we aren’t maintaining the wealth.”
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Because of the difficulties for Black entrepreneurs to even obtain the loans needed in order to start their business, support from within our community is even more vital.
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Listen to the full breakdown this morning from Mind Body & Business on the Rickey Smiley Morning Show!
See Also: Lesser Known Black History Facts Everyone Should Know
See Also: Understanding The Impact Black History Has Made Globally [WATCH]
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