According to Black Demographics Stats;
Black owned companies created 1 million jobs, enough to employ 4% of the working age Black Population. Proving there's a connection between strengthening Black Owned Firms, and diminishing black unemployment.
Based on Google;
"Currently, a dollar circulates in Asian communities for a month, in Jewish communities roughly 20 days and white communities 17 days. How long can a dollar circulate in the Black community? 6 hours!
In 2018 US Census Bureau estimated 47,841,851 African Americans in the United States which is 14.6% of the total American population of 327.2 Million. This includes those who identify as'Black Only' and as'Black in combination'.
Enjoy and support black owned companies
Black American Unemployment
Up from March (6.7percent ). U.S. unemployment rate: 14.7%black unemployment is still nearly double white employment nationwide.
Jobs that black workers and white workers get do not pay the same:
Black employees earn less money and build less wealth than white employees
Roughly 20 percent of black and Hispanic individuals live in poverty compared to less than 9 percent of white individuals.
The Statistics reveal Black Owned Businesses are more likely to provide Jobs for black individuals. In addition black people have to be trained to patronize businesses which are owned buying black by black individuals.
If we can change our buying habits, change how quickly money exits the black community from 6 hours, to maybe a week, We can revive fresh black Wall Streets, around America.
The only solution to the issue of high black unemployment, and poverty is to allocate national funds for Black Owned Firms, not Minority which includes everything including handicap, white girls, gay and little men and women. If we can increase the time cash
Finally reparations will help heal the wounds of black folks, and bridge the wealth gap.