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.

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

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

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.

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.

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

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

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

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

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.

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.

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.

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

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

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

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

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

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.

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

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

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.

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.

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.