Information and links to support Black-owned businesses (in the Greater Akron area).
How long does money stay in the various communities?
A dollar circulates for:
- 30 days in the Asian community
- 20 days in the Jewish community
- 17 days in the White community
- 5 days in the Latinx Community
- 6 hours in the Black community
Blacks in America have about a $1.3 trillion gross national income. Only 2% of that money, about $26 billion, is re-circulated in the black community. Just 2¢ of the "average" black person's dollar is spent with a black-owned business (or the average black person spends 98¢ of every dollar supporting other peoples communities).
Imagine if black folks increased the re-circulation rate from (the current) 2% to 6% (from 2¢ to 6¢). That would be an extra $52,000,000,000.00 (billion) in our communities (that would the equivalent giving every black person [adult and child] living in the U.S. a $1,400.00 annual stimulus check).