Today’s episode discusses the history of Black entrepreneurship in the United States and sheds some light on why it is crucial for people of color to start their businesses. There is still a distinct gap in wealth between white and Black people in the US.
The truth is that there are many examples of Black entrepreneurship in the US after slavery was abolished. Black folks had unique skills they monetized to serve their communities. These efforts grew into a diverse set of businesses, including banks, restaurants, and insurance companies.
However, alongside this trajectory of Black entrepreneurship runs a parallel thread of sabotage by white folks looking to derail people of color on the road to financial freedom.
This episode gives listeners an important history lesson. You’ll also hear about some of the earliest and most remarkable examples of Black entrepreneurship, including the story of Robert Reed Church and the Solvent Savings Bank and Trust. You’ll also learn about some of the biggest oppressive maneuvers conducted by white people, such as the Greenwood Massacre, the mismanagement of the G.I. Bill, and Redlining.
Entrepreneurship is in our DNA as Black people, and by following this path, we can empower ourselves, our families, and our communities.