Taking time and money to learn how to invest is crucial to building generational wealth. One of the best ways to ensure that the Black community achieves that independence is by investing in Black businesses.
Many think that investing means using the stock market, but there are only nine publicly traded Black companies on the stock market, which limits the typical means of investing. But there are other ways to invest in Black businesses.
Only 3% of all investor funding goes to Black-owned companies, leaving the heavy lifting to us. Companies like Seed At The Table help Black businesses find crowdsourced funds to get off the ground! Other ways to invest include using financial investors, donating to racial justice entities, and using the Black Chamber of Commerce directory.
Ninety-six percent of all Black-owned businesses are small businesses - and lending discrimination is a long-standing historical issue. We must work around the system to ensure our community thrives, even when discrimination tries to stop us.