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Resurrecting Black Business in America
| Article
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18406 |
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Section : |
CURRENT ISSUES
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| Issue
Date : |
9 / 1990 |
3,227 Words |
| Author
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John Sibley Butler
John Sibley Butler holds the Dllas TACA Centennial
Professorship in Liberal Arts (Sociology) at the University of
Texas at Austin. He is the author of the forthcoming book
Entrepreneurship and Self-Help Among Black Americans (State
University of New York Press, 1991). |
Growing emphasis is being placed around the country on the importance of business enterprise for black Americans. Some argue that business activity is important for a group because it brings a sense of dignity and economic stability to individuals and communities. Others say that blacks need to emphasize business enterprise in order to compete with recent immigrant groups that are reviving economic activities in black neighborhoods. Koreans, Vietnamese, Haitians, and Cubans are taking once-boarded-up and decaying storefronts and breathing economic life into them.
Dry statistics tell the story. The growth of enterprises owned by minorities during this century has been great. Census data indicate that by 1977 they had grown to more than 560,000, with more than $26 billion in gross receipts (money earned). While this represents only 5.7 percent of the total number of enterprises in America and only 3.5 percent of the gross receipts, the number of minority-owned firms by 1977 represented a 30.7 percent increase since 1972. During the same period, their gross receipts grew by 68.5 percent.
The data also show a wide variation in the performance of different minority groups in terms of increases in receipts, over the years. During the period between 1972 and 1977, Asian-Americans reported the largest gain in receipts, 97 percent. This was followed by people of Spanish descent (75 percent) and black Americans (48 percent). More recent data reflect the same trends.
Given these trends and the economic conditions of some black communities in America, people have begun to wonder about black entrepreneurship. What is the state of black business in
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