Black-owned businesses have not fared particularly well as independent actors in this age of consolidation, having suffered heavy attrition rates due to a surge of mergers and buy-outs over the course of the last two decades.
Many of these companies had long histories within the African-American community, becoming household names associated with the fulfillment of black Americans’ business ambitions.
Changing economic conditions, however, prompted business owners across the United States to realign their resources and consolidate their efforts in a drive to increase efficiency and competitiveness. Black-owned businesses could not sit idly by in the face of this profound change overtaking American business – they had to act or risk being left behind.
Find out their power moves after the jump… [More]