THE BBE COMMISSION IS A NATIONAL ORGANIZING ENTITY FOCUSED ON
THE ECONOMIC HEALTH OF
THE BLACK COMMUNITY
The Village of Harlem, New York, has been the cultural epicenter of Black America for the last 100+ years. More recently, Black Harlem has been confronting the adverse effects of gentrification and economic stagnation of the majority of its Black-owned businesses. This harsh economic reality led to the formation of WEG, a collective of Harlem based entrepreneurs in 2018. WEG gave birth to the Black Business Empowerment Committee (BBE), a collective of Black community organizations, churches and business owners that have come together to put forth a plan for Black Business Empowerment in NYS and NYC. Reaching out to Black communities across the nation gave birth to the 'BBE Commission' (BBEC).
BBEC recognizes the devastating financial impact of systemic and institutionalized racism on the Black community. How is it that after 400 years, and ‘so-called’ progress, 40 million Black people hold less than 2% of American wealth? The ‘why’ and ‘how’ is well documented. As we look forward into this century, BBEC envisions a national movement focused on the economic health of the Black community where in the words of Maulana Karenga — Black people across America:
Strive for and maintain unity in the family, community, nation and race.
Define ourselves, name ourselves, create for ourselves and speak for ourselves.
Build and maintain our community together and make our brother's and sister's problems our problems and to solve them together.
Build and maintain our own stores, shops and other businesses and to profit from them together.
Make our collective vocation the building and developing of our community in order to restore our people to their traditional greatness.
Do always as much as we can, in the way we can, in order to leave our community more beautiful and beneficial than we inherited it.
To believe with all our heart in our people, our parents, our teachers, our leaders and the righteousness and victory of our struggle.
REVERSE ECONOMIC TRAJECTORY
The financial state of Black-owned businesses directly correlates to the quality of life for our children, families, and community. The growth of Black-owned businesses has a direct impact on reducing unemployment, homelessness, crime in the Black community. Hence, BBEC’s goal is two-fold: 1) Create a climate and new paradigm that fosters Black business creation and growth along with workforce development and 2) Create a national Purchase Black, Hire Black, Deposit Black (PHD) eco-system.
BUILD GENERATIONAL WEALTH
In order to achieve our goals, BBEC seeks to: organize BBEC committees across America; organize Black people nationally to become informed voters; hold all elected officials accountable for their actions and/or inaction; develop a strategic plan for Black Business Empowerment at the local, state and federal levels for adoption by those who seek the Black vote in the 2020 election season; develop criteria for BBE Certification; establish a BBE Directory; promote and advocate for Black business enterprises whenever possible; and aggressively encourage Black people to adopt the PHD strategy of Purchasing Black, Hiring Black and Depositing Black.
PURCHASE BLACK, HIRE BLACK, DEPOSIT BLACK
FACT: THE PROBABALITY OF A LOAN DENIAL IS 36.9% HIGHER FOR A BLACK BUSINESS OWNER IN COMPARISON
TO WHITE, MALE OWNED CPMPANIES. SOURCE - AMERICAN ECONOMIC ASSOCIATION.
FACT: IN 2013, THE MEDIAN NET WORTH OF BLACK HOUSEHOLDS WAS $11,000 WHILE THE MEDIAN NET WORTH OF WHITE HOUSEHOLDS WAS $141,900. SOURCE - CENTER FOR AMERICAN PROGRESS, OCTOBER 2016.
FACT: 20 PERCENT OF BLACK HOUSEHOLDS HAVE ZERO OR NEGATIVE NET WORTH WHILE ONLY 9 PERCENT OF WHITE HOUSEHOLDS HAVE ZERO OR NEGATIVE NET WORTH - FEDERAL RESERVE, RECENT TRENDS, SEPTEMBER 2017.
ACCORDING TO SHAWN ROCHESTER, THE AUTHOR OF THE BLACK TAX—NATIONWIDE,
1.4 MILLION BLACK BUSINESSES
ARE MISSING FROM THE BLACK COMMUNITY BECAUSE OF THE BLACK TAX
Given the dire economic condition of the Black community, Black people need to come together and rally around our core value of community, and direct policy and funding to change the trajectory for Black-owned business.
The Black Business Empowerment Commission (BBEC) is a collective of Black business owners and community and religious organizations that have come together across America to put forth a Plan for Black Economic Empowerment with a focus on Black business growth and development and workforce development. The goal is to make Black economic health in general, and Black business empowerment in particular, a priority for all elected officials.
HARLEM BUSINESS ALLIANCE
Harlem Business Alliance (HBA) has been a force of advocacy for the development and empowerment of Harlem’s small business community since its founding in 1980. (HBA). HBA offers free individualized business consultations by a team of culturally sensitive and competent experts to aspiring entrepreneurs maneuvering through the start-up phase, as well as to established small business owners. www.hbany.org
WEG is an alliance of Harlem based Black entrepreneurs formed in 2018 in an effort to level the playing field for Black business owners in NYC. WEG seeks to buck the trend by advocating for Black-owned businesses and identifying contract opportunities and Black entrepreneurs prepared to accept the opportunity. www.wegnyc.org
NATIONAL BLACK UNITED FRONT-DALLAS TEXAS
National Black United Front (NBUF)-Dallas Texas Chapter is an organization comprised of concerned and committed individuals, as well as social, political, religious and cultural institutions in the Black community that have united to assume responsibility for working and leading the struggle for a better life for themselves and their children. NBUF includes the young, the elderly, students, the imprisoned, workers, and dropout all working together to overcome our common problems. In the words of Marcus Garvey, “Up you mighty race, you can accomplish what you will”.
DMGlobal Media is the creator of Bmorenews.com and HarlemBusinessJournal.com. Both Black news websites are designed specifically to cover the Black experience. Established in Baltimore, Maryland in 2002, DMGlobal Media has always been a proponent of Black business. With approximately $1.5 trillion in annual disposable income and given the proud Black American business legacy on which we stand, there is absolutely no reason why our Black businesses cannot succeed. Lastly, on December 31, 2019, DMGlobal Media established the National Black Wall Street Foundation. The purpose is to help preserve America's Black Wall Street history - one that goes far beyond Tulsa's Greenwood community, and also to help fortify Black businesses across the United States.
Selma Bartholemew, PHD
Terrance Baker, PHD
Zevilla Jackson Preston, R.A.
SUPPORTERS(List in formation)
A & A Associates Inc.
Abyssinian Baptist Church
After Birth. Inc.
Ricardo Richie Aguirre Esq.
Alton Weekes New York
Apartment 5C Consulting
A Peter Bailey
Cynthia Gyamfi Bannerman
Jean Paul Baptist
Bedford Stuyvesant Restoration Corporation
Le Selle Benjamin
Juwariya Abdul-Karim Brown
Mike Anthony Bunting
Dr. Iva Carruthers
LaToya Chante Clark
Consortium of Black Educators
Imam Rasheed Farah
Robbin Finney Granston
For Your Birth
Sheree Carter Galvan
GETEM GURLZ Hair Restoration Studio
Hair By Karyne
Amir Makin Hamzah
Harlem Community Newspapers, Inc.
Harlem Congregations for Community Improvement
Fred & Deb Haynes
Imani Lia Fashions
Dr. Jeremiah Ivey Wright/Matute-Brooks
Izmira Tawfeek LLC
Samari Jackson Preston
Zevilla Jackson Preston
Gromer Matthew Jeffers
Pastor Deb Jenkins
Dr. Chandra Jones
Lashon R. Kempson
Kids Passport to Adventure
Lady Survivor Inc.
Legacy Pathways LLC
Legacy Plumbing & Heating
Level Windows and Doors, LLC
Losman Plumbing & Heating Inc.
M&M Piping & Heating, Inc.
Madisyn Consulting Services, Inc.
Lermond F. Mayes
Mia's Bathhouse for Pets, Inc.
Mosque of the Islamic Brotherhood
Bro. Julian Muhammad
National Black Leadership Alliance
Lady Claudia Nelson
New York Real Estate Chamber
Paul Antonio Ochoa
Japheth Parrish Wright
Phi Beta Sigma - Epsilon Sigma Chapter
Claude Pierre Pierre
Posh Studio NYC LLC
Jamal Allen Rasheed
Resources Management Corporation
Rightway Plumbing and Heating Inc.
Rigid Plumbing Heating & Sprinkler Contractor, Inc.
Cid Rivera Jr.
Robert Parchment Plumbing & Heating, Inc.
Sensr Dsgn LLC
Small's Medical Staffing, Inc.
Soul Fusion NY
Sweet Suga Mama's
Teardrops of Elegances
Norma Adams Wade
Wadsworth Steele, Inc.
Dr. Tara White
Will-Do Plumbing, Inc.
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