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In Chicago ghettos in 1938, it was discovered that while there was an equal amount of black and white businesses, black businesses acquired less than one-tenth of the money spent. The research in the documents found that black entrepreneurs received lower returns on their skills and faced asymmetric survival rates relative to their white peers ...
Parker House Sausage Company, founded in 1919, is one of the oldest black-owned businesses in the United States. [1] [2] Since 1926, the company has been located in the same building at 4605 S. State Street in Chicago's Bronzeville neighborhood. In 1962, the company was noted as the nation's largest black-owned company. [3]
Jesse Binga (April 10, 1865 – June 13, 1950) was a prominent American businessman who founded the first privately owned African-American bank in Chicago. [1] Binga recalled coming to Chicago in the 1890s with $10 in his pocket. By the 1920s he was a bank president and major real estate owner.
The vendor directory is composed of venues and businesses scattered across the city and consists of 1,022 Black-owned businesses as of publishing time including the Black and woman-owned nail shop ...
Just opened: Black-owned Provaré puts Creole spin on Italian, and 7 more new Chicago-area restaurants Louisa Chu, Chicago Tribune September 28, 2021 at 6:00 AM
Elizabeth Abunaw bags $2.5 million for her Forty Acres Fresh Market grocery store on Chicago's West side.
Politico reported that Chicago's once wealthy Black community has dramatically declined with the shuttering of many Black-owned companies. [50] Among the 10 US cities with the largest Black populations in 2000, Chicago saw the second highest decline after Detroit, with a net departure of 261,763 Black residents from 2000-2020. [ 47 ]
Chicago's City Council's Finance Committee granted Black-owned company Yellow Banana a $13.5 million subsidy to buy and revamp six grocery stores