Building Community around Black Entrepreneurship

Written by Stephanie Terry, Executive Director and Rinnie Orr, Associate Director

WEBB Squared “Wealth through Entrepreneurship for Black Businesses” is more than a direct service nonprofit. We are building a community because community is everything!  

Let’s  face it – the racial wealth gap and the inequality that exists in our world today – wasn’t created today.

Did you know that “for every dollar owned by the average white family in the United States, the average black family has less than one dime? Centuries of discrimination, violence and policies that banned black families from participating in government wealth-building programs that benefitted white Americans, lie at the root of the racial wealth gap.”*

We believe that reflecting on our imperfect world together with intentional actions to redress them will help close the racial wealth gap and mitigate the impacts it has produced.

Check out this report to learn more: The economic impact of closing the racial wealth gap | McKinsey

One of the levers we pull at WEBB Squared to make impact includes building a community that supports Black entrepreneurs. According to some best and worst case scenarios configured by economists, if we begin to close the racial wealth gap, we could add 1 to 1.5 trillion dollars into the US economy by 2028. Think about the impact that would have on our local and state communities.

We at WEBB Squared know that building community means centering relationships.  Relationships are a part of our bottom line. We are engaged in work that shifts and shares economic power with Black entrepreneurs – and doing so will strengthen their families and the communities in which they live and interact. We hope you will become a partner with us in building this community. 

We know that this work is ours to do. 

It takes a village to build a community.  We invite you to be in conversation with us about this work.

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