Pecha Kecha on Black owned Businesses

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by Amir Taylor1 view·Updated Nov 15, 2021
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  1. this photo that you're looking at right now can mean a huge non things to you.
  2. Doesn't mean inequality, racism,
  3. slavery or is it all in one photo which has affected the world today
  4. roughly. So it has
  5. more specifically black owned businesses.
  6. Black-owned businesses have been around since the
  7. 17th century in the insurance industry,
  8. but they haven't been effective as they should be,
  9. Even though the percentages of black-owned visits
  10. have been increasing overall since 1972,
  11. there are still a lot of them that failed.
  12. This problem has really been addressed,
  13. but the but Lives Matter movement has helped it.
  14. Why has there been problems for black owned business over time?
  15. And even in today's world,
  16. to answer that question is the problems have been racism bias.
  17. Covid and even gender.
  18. There hasn't
  19. really been a solution for black owned business,
  20. but they have tried some things to help them succeed.
  21. Mhm.
  22. From as early as the 17th century African
  23. Americans have been involved in the incident industry,
  24. in particular note is the north Carolina mutual life insurance Company,
  25. Which was established in 1898.
  26. It grossed a quarter of $1 million dollars
  27. By 1910 is now known as one of the oldest black-owned insurance companies
  28. in the US
  29. In the late 1600s.
  30. Free and enslaved African Americans took advantage of the business industry.
  31. They started businesses for jobs like Barbara's shoemakers.
  32. So back on this and more, which led to the growth of black owned businesses.
  33. This was a good opportunity for the black community.
  34. Black communities were undoubtedly negatively affected by the enforcement of
  35. racial segregation in cities and urban areas where black were limited
  36. and what residential areas they could occupy you.
  37. Mhm.
  38. This is where problems for the black community and businesses
  39. start to have trouble being effective in the go away.
  40. Even though african americans started finding ways to start a business,
  41. the start of celebration started to force from
  42. black and black owned business to decline.
  43. Yes,
  44. the corona coronavirus pandemic has
  45. Disproportionately hit communities of color in the United States
  46. with reason risk research showing that the number of
  47. active African American business owners fell 41% from February
  48. through April compared with a 17% drop in active,
  49. active white business owners.
  50. COVID-19 was arguably one of the biggest downfalls for the black
  51. bits because so many of them having to shut down.
  52. Yes.
  53. A significant percentage of minority owned companies,
  54. they apply for financing because they don't believe they would
  55. Be approved according to 2 19 2019 slavery of
  56. small bands of the Federal Bank of Atlanta.
  57. The Fed report also said an average black polar bears were approved.
  58. Yeah.
  59. Even before the pandemic black business fell due to racism and bias
  60. loans that aren't big enough lead to a business shutting down
  61. with Kobe hidden black business the next year or so.
  62. A lot of businesses shut down from the lack of money available.
  63. Mm
  64. President Joe Biden's two trillion.
  65. The american job plan promises to create
  66. more opportunities for small businesses and events,
  67. racial equity.
  68. This can be a help over time and even now.
  69. Mm hmm,
  70. mm hmm.
  71. Yeah.
  72. Yeah.
  73. Okay,
  74. after the brutal pandemic for the black community,
  75. joe biden is trying to find solutions to help the
  76. community out by giving them my own your money.
  77. After all the black business have shut down during the pandemic.
  78. Black owned everything takes a more modern approach to the idea.
  79. Oh, black armpits directories
  80. buy photos and products from black owned
  81. business with a popular instagram account.
  82. Black owned everything.
  83. It's a smart and useful resource for the modern world today.
  84. Since a lot of people today use social media,
  85. they take advantage by promoting black business
  86. on perfect black business owned instagram accounts
  87. other than black owned everything.
  88. Being a very helpful resource for the black community.
  89. You also have other helpful resource. They have
  90. Richard's like black founders, us,
  91. small business association money business certifications and more.
  92. Yeah.
  93. Well things ever change from the past.
  94. Well black businesses get their fair treatment. Who knows
  95. well for the future.
  96. But I will end up on this.
  97. We all can make a change and make history and turn this country around