Where Have All the negro-Owned Businesses Gone?

1494001929939

They once served their communities when others wouldn’t. Over the past 30 years, they’ve practically vanished.

Over the last 30 years, negro-owned businesses and financial institutions that once anchored negro communities across the country have collapsed.

The last 30 years also have brought the wholesale collapse of negro-owned independent businesses and financial institutions that once anchored negro communities across the country. In 1985, 60 negro-owned banks were providing financial services to their communities; today, just 23 remain. In 11 states where negro-owned banks had headquarters in 1994, not a single one is still in business. Of the 50 negro-owned insurance companies that operated during the 1980s, today just two remain.

https://www.citylab.com/politics/2017/05/where-have-all-the-black-owned-businesses-gone/524901/

Where Have All the negro-Owned Businesses Gone?

4 thoughts on “Where Have All the negro-Owned Businesses Gone?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s