From what I've heard discussed about this topic there are a few things that can be done and these ideas are not all centered around business.. One of the first ideas I've heard circulated would be guaranteed government contracts for existing and future black businesses. For example if a city is funding a new building making sure some of the contract work goes to a black contractor. If it has say an event hall maybe have a black caterer on contract to provide food. These are small things that white business get all the time and while not very glamorous it's solid work that can employ black people.
Another idea would revolve around beefing up the amount of loans that are given to black businesses to help get them off the ground. It has been noted many times here that SBA loans during the Obama administration dipped dangerously low below, 10% of all loans IIRC This isn't necessarily a new policy but I think if you had some sort of auditing system in place to periodically monitor this it would help keep a steady flow of money available to black startups.
Overall we need a stable community to help patron any of these businesses and William Darrity along with Darrick Hamilton have both pushed for baby bonds which would help provide a source of wealth black people (although they propose it for all Americans) to tap into at specific points in their lives and would relieve some of the financial pressure we face due to not having any generational wealth. Here is a link that goes into details:
Baby Bonds: A Plan for Black/White Wealth Equality Conservatives Could Love?
Those are a few ideas that I have heard and that I think are sound in principle.
The baby bonds idea sounds promising but I would add one requirement being asset enhancing for both the individual and the community, not just the individual
Some government contracts already require a certain percentage of minority/women run businesses to be involved, which I believe should explicitly mention Black people only. Some Black businesses are eating off that because the larger cac contractors need to satisfy those minority/women involvement requirements and are paying just for their signature to complete the paperwork. Such actions are illegal and undermines the goals of the requirement
I agree. Bank loan practices are a problem, even with a Black president. And as we know politicians are in the banksters pocket. Knowing this, a friend once said the Black community should "take out a loan" with another country's government via a local banks and services from businesses based that country. Regardless of the country's race/religion/dictatorship or not. We use as collateral for the loan the same assists used for the federal government; home confiscation /business shutdown/imprisonment/bad credit etc ...in return we exclusively use their services in conjunction with our businesses
Some other suggestions
-offer incentives for private companies to mentor/network/do business with Black business like those indian tribal governments do for their local businesses
-simply wave the fees to start a business for Black folks
-increase and make explicit, the percentage of Black business involvement for certain government contracts
-offer incentives for the number of Black businesses invested per year by a venture capitalist
The second portion of your quote that I highlighted I am not fully understanding . Are you saying that we can't demand the government implement and enforce these polices because potential black business owners may not reciprocate investment into the black community? I need some clarification on that statement please.
That's exactly what I'm saying. Societal responsibility means nothing without being complimented by personal responsibility, vice versa
There's no difference between a self serving Black person and a self-serving non-Black person. It's a clear scam to make demands to receive compensation based on the plight faced by your ancestors in order to make your pockets heavier without guaranteeing a percentage of it goes back to the community to ensure such plights will no longer be faced
Regulations against these monopolies (Wal-Mart) that come into American communities, kill small businesses, then, leave and leave people unemployed
Audit the racist loan practices of banks
For starters
Yvette has a lot of great ideas, but, thecoli hates her because she shyts on people who show they don't care about us
IG has been integral in Diddy becoming the face of pro--blackness and that nikka fukks over black people like a whtite man
Those monopolies fawks everyone over, so that's kinda like that cliche about the rising tide floats all the boats, how every that saying goes
As I said above, I agree with a focus on loan practices and will piggyback on already existing programs, sponsored by certain banks where participating businesses that completes the program will get a loan. So the federal government could force/entice banks to sponsor such programs for Black businesses
Even without such programs, there's still enough opportunities for Black businesses to prosper and buildup the community resources
Yvette has a lot of great ideas, but, thecoli hates her because she shyts on people who show they don't care about us
I don't understand how nikkas relentlessly try to undermine Black folks that are promoting an unapologetic Blackness. Nobody is above criticism, but playing favorites among the Black activists and/or Pro-Black advocate by lying/exaggerating/ignoring facts inorder to support their fav activist/advocate is the epitome of hypocrisy and counter productive when complaining about white supremacy tactics