Every year Tri-Phoenix Media publishes a sourcebook for paid featured Black owned businesses and a list of professional and business resources. Take a look at our previous edition of our sourcebook
what makes Black business ownership particularly important: it is a path for creating sustained, multi-generational wealth. In other words, making a point to support Black-owned businesses today can help close the racial wealth gap now, and 200 years from now.
Consumer spending makes up 70% of the U.S. economy and circulating money within the community creates equity an sustainability. Jobs are created for individuals and supporting Black-owned businesses with our consumer spending habits will help alleviate the need for additional loans or dipping into personal savings. Promoting the success of Black-owned businesses can eliminate some of the biases preventing Black entrepreneurs from obtaining equal access to business loans.
Each Black-owned business that succeeds with the proper resources and endurance have a chance of longevity and pride. Building Generational Wealth should be as easy as buying a pair of shoes. establishing a business that our families can benefit from is creating a legacy. When we believe in our own success, we can create enterprises to be proud of