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First Black-Owned Supermarket to Sell Products From Mostly Black Farmers Raises $430K

  • Jun 21, 2020
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The founders of WeBuyBlack and the developers of the first ever Black-owned supermarket that will primarily sell products from Black farmers and other food manufacturers have reached their first financial goal of $425,000 to purchase the property!

13,881 people have contributed to the campaign so far, and the Atlanta-based store will be called Soul Food Market, and will be the first grocery store of it’s kind.

Renovation requires another $350,000 and operating the building requires another $420,000 for a grand total of $1.2 million to fully complete the project.

Just what the community needs

After sampling 500 hundred families in the local Atlanta area where they plan to open the first grocery store, Shareef’s data showed that the average household spent $650 dollars a month for groceries.

This campaign is not only to help keep our dollars in our community, but it’s also to provide our people with jobs.”

Source: Black Enterprise - The Premier Resource for Black Entrepreneurs and Career, Tech, and Money Content for Black People - Black Ent

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