When We Buy Black, We Reinvest Into Black Communities

black man browsing a clothing rack
Via Bizfluent
Alyssa Guznik
January 10, 2023

Since the beginning of the pandemic, Black businesses have grown exponentially, but to stay in the black, they need capital.

Investing in Black-owned companies isn’t just a way to support them; it’s a way to invest in our commitment to the Black community. Nearly 80% of all Black-owned businesses fail in their first year. 

Buying Black will help change that in multiple ways.

Buying Black helps support job creation, closes the massive wealth gap, and strengthens local Black communities. Money going into local businesses winds up back in our communities. But how can we find reputable Black businesses to support?

It’s as easy as reaching out to the Black Chamber of Commerce. Companies like Spendefy and We Buy Black exist solely to connect shoppers to local, Black-owned businesses.

It’s effortless to click “add to cart” and “buy” through big name stores, but we don’t control that money. When we invest in ourselves we create our own jobs, income, and wealth. The bottom line is when we buy Black, it’s definitely for us.

We have a quick favor to ask:

PushBlack Finance is a nonprofit dedicated to raising up Black voices. We are a small team but we have an outsized impact:

  • We reach tens of millions of people with our BLACK FINANCIAL NEWS & ECONOMIC EMPOWERMENT STORIES every year.
  • We fight for ECONOMIC JUSTICE to protect our community.
  • We run VOTING CAMPAIGNS that reach over 10 million African-Americans across the country.

And as a nonprofit, we rely on small donations from subscribers like you.

With as little as $5 a month, you can help PushBlack raise up Black voices. It only takes a minute, so will you please ?

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