May 05, 2009 | | Comments 4

Killing Black Business

going-out-of-businessFarbeit for me to become another of those black liberals just finding things to hang around white folks and Republicans’ necks like fiery cross-shaped albatrosses. Though, they do give us a lot of material to work with. I mean, they have an entire cable news channel we can dress down every day!

But. It is important that we offer policy proposals and other ideas to move us as a community and the nation forward. And here’s one idea: the government should actually help keep black business strong and not collaborate in its destruction!

Via my new black blogosphere friend, Btx3:

President Obama wasn’t kidding about the demolition of small business under the Bushit administration. This data derived from statistics kept by the National Association of Small Business Investment Companies pretty much says it all.

The Shrinking Small Business Pie

The Shrinking Small Business Pie – SBIC Investment Under Bush

Look at that bottom right number, and as part of the “Shrinking pie” – it isn’t hard to discern whose shorts got hit the hardest.

Look at the bottom line – that was the shrinking percentage to Women and Minority owned businesses, down from 26% in 1998.

When you consider that only about 3% of the commercial Venture Capital money goes to women owned businesses, and .03% goes to black owned businesses – you begin to understand the “problem”.


Please read the entire article.

Entry Information

Filed Under: Black BusinessCommentaryFeatured

About the Author: My primary interests are social linguistics, and social history, primarily African American history. When I go back to school for my Ph.D in history, oh trust, I'm not going to be sick forever, I'd really love to do my thesis on African and African American languages throughout American history to today. I'd compare, for instance, the earliest pidgins to slave dialect to post-bellum black dialect, say of the 1920s, to today's "Ebonics." And if I had to become even more specific, I concentrate on the lexicon and diction of black women. But, I have a really strong interest in anything sociological, including religion. I've actually applied to divinity school and would be accepted except my health keeps preventing me from finalizing the application process. Anything sociological also includes economics (at least enough to know if politicians are lying), anti-racist activism and race relations, politics, and education. I'm all about black empowerment and think reparations would be one of a number of steps in the process of racial harmony and justice. I care about the plight of the poor regardless of race/ethnicity. So basically, I'll try my best to keep you informed about the goings-on of the world. Don't be surprised in lengthy absenses. Don't be surprised by any particular post - I generally write about whatever interests me at the moment.

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  1. datdude says:

    So what’s the solution? what’s the root cause?

  2. No1KState says:

    The root cause, as it concerns the Bush administration, is a lack of concern for minorities and true justice. I would argue that the Bush administration was decidedly pro-white male in it’s operation, which, as far as I’m concerned, makes it racist or at least complicit in racism.

    What we can do to solve the problem is support black business and elect politicians, on all levels of government, who demonstrate at least some anti-racist sensibilities.

  3. Sale says:

    I absolutely adore reading your website posts, the variety of writing is smashing.This website as usual was educational, I’ve experienced to bookmark your internet site and subscribe to your feed in ifeed. Your topic looks lovely.

  4. No1KState says:

    Wow! I don’t know what to say! dNBe is a stacked site all the way around. I’m (if you’re refering specifically to me) just a cog in the wheel.

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