The Devastating Decline Of Black Businesses In New York City

Black Business NYC StatIn a recent study done by New York City’s comptroller, documenting the financial state of the City between the years of 2007 to 2012, the dismal state of Black business was noted.

According to the study, in 2007-2012, the presence of Black Businesses in New York City declined by 31.4%, while Black businesses nationwide rose 2.4%

I wonder what the figures are for the last 5 years. With large amounts of Black New Yorkers being “gentrified” out of their homes, I don’t suppose the figures got any better.

Be sure to support the Black Businesses that still exist.

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The History Of Black Business In New York: Part 1

South Carolina 1899“I fact, a third of all free black people lived and worked in white households and those who did not labored to support themselves in a tightly restricted job market. Four out of ten black men were in the unskilled rank and their proportion in the skilled trades sharply declined during the first decade of the nineteenth century. White workers employed their numerical advantage and political power to push black laborers from occupations like street carting, in which black people gained a foothold during the labor shortages of the Revolutionary era, beginning an exclusion from the city’s transportation industries that lasted well into the twentieth century. Black women operated in a more restricted labor market, limited to domestic and service trades like household servants, seamstresses, and laundresses.” –From, “Slavery In New York”

[SIDEBAR: Stay tuned for a post on how Black New Yorkers combated this, later in the week. The post will be about the New York African Society For Mutual Relief.]

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