According to Black Demographics Stats;
Black owned businesses created 1 million jobs, enough to employ 4% of the working age Black Population. Proving there is a strong relationship between strengthening Black Owned Firms, and decreasing black unemployment.
Based on Google;
"Currently, a dollar circulates in Asian communities for a month, in Jewish communities approximately 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 USA 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 with another race'.
Enjoy and support black support black businesses owned businesses
Black American Idol
Black Unemployment Rate April 2020: 16.7%
Up from March (6.7percent ). U.S. unemployment rate: 14.7%black unemployment is still nearly double white employment nationally.
Jobs that black workers and white workers get do not pay the same:
Black workers earn less money and build less wealth than white workers
Roughly 20 percent of black and Hispanic people live in poverty compared to less than 9 percent of white people.
The Statistics show 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 by black people.
If we could change our buying habits, change how fast 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 problem of large black unemployment, and poverty would be to allocate national funds for Black Owned Businesses, not Minority which includes everything including handicap, white women, gay and little people.