The combination of racism from banks, White business owners, and police forced us to circulate the Black dollar amongst ourselves.
The Greenwood District in Tulsa, Oklahoma, otherwise known as “Black Wall Street,” is a shining example of Black success and the subsequent demolition caused by racism.
Black Wall Street was a thriving economy where Blacks created their businesses and services, including several grocery stores, two newspapers, two movie theaters, nightclubs, and numerous churches.
On May 31 and June 1, 1921, mobs of White residents attacked Black residents and businesses of Black Wall Street.
Diverse entrepreneurs and those creating solutions for different audiences are solving problems for the fastest growing demographic segments in the U.S., provide opportunities for disproportionate returns and represent the markets of the future:
Black women are the fastest growing demographic of entrepreneurs in the U.S.
HBCUs produce 27% of Black students with bachelor’s degrees in STEM fields
50% of the Black population is millennial or younger
By the year 2044, people of color will become the majority in the U.S., making up over half of the U.S. population
Black purchasing power and representation in the labor market will continue to rise, yet still technologically and financially underserved.
