Why Black Businesses DON’T support one another?

Historically Black businesses have not amassed nor retained the loyalty of Black consumers as Caucasian and businesses operated by other ethnicities. The question is, Why Not? Particularly, when Black consumer dollars account for approximately 300 billion annually in potential spending on goods and services in the United States marketplace and 

https://www.mckinsey.com/featured-insights/diversity-and-inclusion/a-300-billion-dollar-opportunity-serving-the-emerging-black-american-consumer

Black consumers continue to be regularly overlooked by companies that don’t see them as a priority demographic. This is not new; but, what if we saw ourselves as a priority? What I mean by this is, what if Blacks patronized Black businesses? What if Black businesses owners supported other Black business owners? How much of that 300 billion of annual spending would stay in the African-American marketplace, benefiting African-American families, enriching the African-American communities, and creating a level playing field all across the board. 

**********

Thank you for reading Lorraine Lavender-Sams’ article on scoopnewsusa.com. For more on “Why Black Businesses DON’T support one another?”, please subscribe to SCOOP USA Media. Print subscriptions are $75 and online subscriptions (Print, Digital, and VIZION) are $90. (52 weeks / 1 year).