Black Businesses Matter

     “African Americans never really recovered from the housing crash and economic meltdown and that reality is going to be a very important factor for Black people, especially since the U.S. may be going into some form of depression,” said Mr. Fletcher, former president of TransAfrica Forum and a senior scholar with the Institute for Policy Studies. “I saw a report last week that shows the Washington metropolitan area could lose 35 percent of small businesses. Add a layer of race onto that—lower savings rates and pro-fit margins and most small biz not able to sustain themselves for three months and the problem becomes clear.” […]