24 Facts About African-American businesses


African-Americans have operated virtually every kind of company, but some of the most prominent Black-owned businesses have been insurance companies, banks, recording labels, funeral parlors, barber shops, beauty salons, restaurants, soul food restaurants, record stores, and bookstores.

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Profit-making businesses were created by more free and enslaved African-Americans than one might realize from the usual survey of antebellum America.

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African-American businesses made his wealth from speculation in city real estate, much of it after Memphis became depopulated after the yellow fever epidemics.

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African-American businesses founded the city's first black-owned bank, Solvent Savings Bank and Trust, ensuring that the black community could get loans to establish businesses.

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African-American businesses was deeply involved in local and national Republican politics and directed patronage to the black community.

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African-American businesses was a leader of black society and a benefactor in numerous causes.

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African-American businesses moved from city to city to sign up local entrepreneurs into his national network the National Negro Business League.

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African-American businesses newspapers flourished in the major cities, with publishers playing a major role in politics and business affairs.

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African-American businesses rose from poverty to millionaire by the time he was thirty-one.

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African-American businesses's was a leader in developing new products, such as her permanent wave machine.

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African-American businesses's helped write the first cosmetology laws for the state of Illinois and founded both a sorority and a national association for black beauticians.

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African-American businesses's was an advisor to the Democratic National Committee in the 1940s and advised several New Deal agencies trying to reach out to black women.

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African-American businesses's relocated to New York City in 1938, where her small beauty shop became the world's largest African-American beauty parlor.

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African-American businesses's staged fashion shows in Harlem, and sold her brand of cosmetics designed "to glorify a woman of color".

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African-American businesses's was briefly married to the famous heavyweight boxing champion Joe Louis from 1955 to 1958.

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African-American businesses's opened stores and upscale malls and had superstars as clients.

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African-American businesses bookstores were closely tied to radical political movements, including Black Power, black nationalism, pan-Africanism, and Marxism.

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African-American businesses-owned funeral homes served an important role during the civil rights movement.

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Term '"double duty dollar"' was used in the US from the early 1900s through the early 1960s, to express the notion that dollars spent with African-American businesses hiring blacks simultaneously purchased a commodity and advanced the race.

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Black African-American businesses were not oriented toward manufacturing in the first place, and generally were too small to secure any major contracts.

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Black-owned African-American businesses experienced the largest growth in number of African-American businesses among minorities from 2002 to 2011.

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Shark Tank, has provided a medium for many Black-owned African-American businesses to acquire investors, promote their business, and share their story with the world.

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The Paycheck Protection Program, which has $670 billion in loans to help small African-American businesses, saw less volume of their loans go through the program to high concentrated areas of Black-owned African-American businesses.

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The last part of the study found that Black-owned African-American businesses are less likely to have a recent borrowing relationship with a bank.

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