The Key To Closing The Racial Wealth Gap: Black Entrepreneurship

This year marks the 100^th anniversary of the Tulsa Race Massacres. Over two days, a white mob in the city’s Black district of Greenwood killed an estimated 300 Black Americans and left nearly 10,000 destitute and homeless. The Greenwood area was known as Black Wall Street, an epicenter of Black business and culture.

According to Hannibal Johnson, the area was built “For Black people, by Black People” author of Black Wall Street: From Riot to Renaissance in Tulsa’s Historic Greenwood District. Before racist riots destroyed the prosperity of Black Wall Street, Greenwood’s thriving Black economy demonstrated the power of entrepreneurship in creating wealth for entrepreneurs and the community around them.

We’re still contending with a racial wealth gap created through centuries of racism and discrimination, but black entrepreneurship may be the way we can help close the gap.

Why entrepreneurship…