Selling Black-Owned Businesses to White-Owned Corporations
August 14, 2023 —
Jt Spratley
I'll make this short. I hope that black business owners selling their companies to larger, white-owned corporations does not become a trend. I believe that we need to keep that money in our communities. However, I do understand that many founders sell their business to a larger company to make change elsewhere.
If a Black-owned business is sold outside of the Black community, I prefer that it be publicly announced, unlike Greenwood bank allegedly did. Remove the business from any Black chamber of commerce listings. Remove "Black-owned" from all parts of the brand's online presence. And I'll find a new Black-owned business to support.
That is all.
