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14 Popular Brands You May Have Thought Were Black-Owned

black buying 3In 2011, Nielsen and the National Newspaper Publishers Association projected that black buying power will reach $1.1 trillion by the year 2015. This $1.1 trillion however is coming into our community and is gong right back out. A community’s economic health directly correlates to how many times money circulates or recycles within that community.

According to the University of Georgia’s Selig Center for Economic Growth: “Money circulates zero to one time within the black community, compared to the more than six times it circulates in the Latino community, nine times in the Asian community and unlimited amount of times within the white community.”

In the late 1980s the president of Revlon Irving Bottner told Newsweek: “In the next few years, black-owned businesses will disappear. They’ll all be sold to the white companies.” He added, “We are accused of taking business away from the black companies, but black consumers buy quality products – too often their black brothers didn’t do them any good.”

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17 thoughts on “14 Popular Brands You May Have Thought Were Black-Owned

  1. Isaac Hunter says:

    What you give tour readers a list of 14 Black owned companies that are now competing with the companies on your list? Can you do that, please?

  2. Great Article! Yet again Beyoncé's hair cut will get more attention that the what is humanly necessary and has nothing to do with survival, and continuous struggle of economic recovery and sustainability in the African community.

  3. In my opinion it is not who owns these companies but,rather where they are located. If they are located in the African American Community who owns them is irrelevant. Business locates where there are similar business or where the market has proven beneficial to a Business environment. I would not care rather the business employing 800 employees located in the Black Community was owned by Caucasians, African Americans or the Russians. as long as they provided jobs located in the community. Recently I was in an upscale Latin Community in Chicago. My delivery was not to be unloaded for several hours. I began walking through the community and every establishment in that community was managed and operated by Latin Americans. Curious, I asked one of the street vendors: " How are you guys able to accomplish this. He replies. If a store wants to move into our neighborhood and wants our support we demand that they hire Hispanic Managers and employ Hispanic employees. I mentioned that that was illegal, he replied> " If they want our business, illegal or not, that is what they must do". McDonald's, Burger Kings, Firestone and a host of others were in compliance with this unspoken rule, but it was understood by the community that they had a responsibility to protect their investment. If you were caught stealing out of one of these establishments, the Latin gentlemen I was speaking to, stated in that they did not call the police but that it would be taken care of. Social and Economic mobility requires that the community protect their investments and police those investments. Let us not get so hung up on who is the owner and operations of business in our community, but rather attract business development in our community and protect those investments from those willing to destroy by means of theft or other. I am certain that there are similar stories out there.

  4. Mansa Musa says:

    evidently when we get rich, we do two thangs. sell out to the white man and marry a black woman.
    i heard white people own churchs chicken too

  5. Rmy Lisa P says:

    A serious shame we have more than a job to do

  6. Magerfoot Clouden says:

    This is very bad for our people and community,we are destine to be eternal consumers.

  7. Imani Gayle Gillison says:

    brilliant question

  8. Ebonya Ivey says:

    This along with the fact that we love to look for jobs instead of create businesses and therefore jobs means, most AAs will continue to have even less than those who just got here and couldn't even string together a proper sentence in English. I hope this trend will change for the descendants of those persons on whose backs this country was built, but it won't happen by accident…

  9. Not Dark and Lovely, Noooooooo.

  10. That's a deep thing, it will take a few more generations to get there

  11. Marc King says:

    We are destined to be the permanent underclass, as we were brought here to be, if we don't realize our need for unity and cooperation.

  12. James Baker There is no greater delusion or illusion then having your own. This is a global economy. For the African American community to prosper, they must view themselves and their struggles as direction towards a global economy. Our place in history is not unique. It is the struggle of all that are poor and defensive less. We must articulate or struggles in that frame. Not as a struggle of unique, but as a struggle that is all inclusive. Are we so inclined to believe that racism, prejudice, are target towards the African American that we forget about the children of other nationalities? That we fore sake the injustice of ideology and replace it with the justice of Christ? Are we so narrowly minded; so narrowly focused that we believe that there are sufferings greater then our own? The historical record lays witness to the fact that the Negro has been blessed amongst all other races, but this is not occasion for gloating, but rather an occasion to be inclusive of the worlds. suffering under an ideology of subversion. African American must move beyond their suffering as unique in order to see themselves as a global power. This should be our objective: To lead the world as a redemptive inclusive ideology and not one as an uninclusivce ideology.

  13. Arthur Robinson Remember black wall street? Black people were prospering and when white people came into black areas and wanted to buy the business of of black business men, black men said "no". So whites bombed and burned it to the ground.

    If someone wants to buy your business, that means they see the potential in it that you obviously don't if you allow them to buy it. If they offer you a pretty penny, a high price to bribe you into selling, it's because they know you won't be able to resist a shinny penny of which they can use your business to get back all that they paid you for it later. Blacks need to think of things long term, and stop looking at the NOW of things. That's called having a high EQ. EQ is your common sense and ability to think ahead. Different from IQ.

    Many blacks, what they do, is look at how little they are making with their business NOW, and look at the HIGH price of which the white person is willing to buy it, and say "With that I'll be set for life"….

    Once the white person buys it off of you, they not only make back what they paided you for it, but then some. They saw the potential you didn't in your business and took it from you, because you are too focussed in the now, instead of seeing the potential in your product that they did.

    The richest people in the world, saw that when people came to buy off of them, that meant that their business had tremendous potential, and they said "no". While most blacks can't resist a pretty penny, because they have a poor mindset. Poor people don't think about the future, they think about now and what they can get NOW. Rich people invest.

    When that white person bought your product and business off of you, they were investing. They saw it's potential and knew that they could make that money back in no time. If your business or product had NO potential, they wouldn't be interested.

  14. Arthur Robinson Remember black wall street? Black people were prospering and when white people came into black areas and wanted to buy the business of of black business men, black men said "no". So whites bombed and burned it to the ground.

    If someone wants to buy your business, that means they see the potential in it that you obviously don't if you allow them to buy it. If they offer you a pretty penny, a high price to bribe you into selling, it's because they know you won't be able to resist a shinny penny of which they can use your business to get back all that they paid you for it later. Blacks need to think of things long term, and stop looking at the NOW of things. That's called having a high EQ. EQ is your common sense and ability to think ahead. Different from IQ.

    Many blacks, what they do, is look at how little they are making with their business NOW, and look at the HIGH price of which the white person is willing to buy it, and say "With that I'll be set for life"….

    Once the white person buys it off of you, they not only make back what they paided you for it, but then some. They saw the potential you didn't in your business and took it from you, because you are too focussed in the now, instead of seeing the potential in your product that they did.

    The richest people in the world, saw that when people came to buy off of them, that meant that their business had tremendous potential, and they said "no". While most blacks can't resist a pretty penny, because they have a poor mindset. Poor people don't think about the future, they think about now and what they can get NOW. Rich people invest.

    When that white person bought your product and business off of you, they were investing. They saw it's potential and knew that they could make that money back in no time. If your business or product had NO potential, they wouldn't be interested.

  15. Arthur Robinson Remember black wall street? Black people were prospering and when white people came into black areas and wanted to buy the business of of black business men, black men said "no". So whites bombed and burned it to the ground.

    If someone wants to buy your business, that means they see the potential in it that you obviously don't if you allow them to buy it. If they offer you a pretty penny, a high price to bribe you into selling, it's because they know you won't be able to resist a shinny penny of which they can use your business to get back all that they paid you for it later. Blacks need to think of things long term, and stop looking at the NOW of things. That's called having a high EQ. EQ is your common sense and ability to think ahead. Different from IQ.

    Many blacks, what they do, is look at how little they are making with their business NOW, and look at the HIGH price of which the white person is willing to buy it, and say "With that I'll be set for life"….

    Once the white person buys it off of you, they not only make back what they paided you for it, but then some. They saw the potential you didn't in your business and took it from you, because you are too focussed in the now, instead of seeing the potential in your product that they did.

    The richest people in the world, saw that when people came to buy off of them, that meant that their business had tremendous potential, and they said "no". While most blacks can't resist a pretty penny, because they have a poor mindset. Poor people don't think about the future, they think about now and what they can get NOW. Rich people invest.

    When that white person bought your product and business off of you, they were investing. They saw it's potential and knew that they could make that money back in no time. If your business or product had NO potential, they wouldn't be interested.

  16. Michelle Robinson Well said

  17. Please scroll up and read Michelle Robinson's post. You SHOULD CARE who owns the business. It's extremely short sighted to only care that a white business employs black people. It's better to own the business and therefore control your own destiny. When you are merely an employee how much you earn, etc is left up to the empoyer. There is no greater delusion than thining the road to prosperity is to work for somene else. You can have your own business and still compete in a global economy.

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