Recently
I’ve watched several videos by My Cousin who promoted the idea of supporting
Black owned Businesses. Her just like many other Black Business owners discuss
the amazing buying power of $1.1 trillion (as of 2015) of Black consumers
annually. A study by the NAACP conducted in 2015 shows that in the Jewish
Community the dollar is circulated approximately 20 days, the White Community
the dollar is circulated about 17 days and in the Black Community the dollar is
circulated about six hours. It also shows that out of all of the spending
habits in the Black Community only about two cents per dollar counted is spent
with a Black owned business.
In
yesterday’s World this would’ve been a slap in the face. In the modern World
the use of promoting a need to support a Black Business is obsolete and for no
other reason than the fault of the Black Community as a whole.
