Empowering Black Entrepreneurship: Stories of Success, Strategy & Growth
- Black millennial entrepreneurs face significant barriers in access to capital, limiting their business potential and growth.
- Many Black-owned businesses operate as sole proprietorships, lacking employees and struggling for survival without opportunities to scale.
- The gig economy facilitates quick starts but hampers the creation of equity and sustainable enterprises.
- Although Black brands gain visibility on social media, this often doesn’t lead to strong sales or long-term support.
- Tahyira emphasizes the need to confront systemic issues to secure quality and representation in the Black community.
Welcome to #BlackBusinessMonth and the sad reality for #WhitePrivilege is that there’s more Black wealth in the middle class than they want to report.
Why did they burn down #Tulsa ? Racism.
Why did they ban Black students from education? Racism.
Why is it more expensive to buy property if you’re Black? Racism.
If no one is coming to fix the brokenness, then why shouldn’t we at the very least tell folks about it? #NEWSINPROGRESS
We spoke to @iletthegoodtimesroll #chiefvisionaryofficer @redeyemediagrp A media and educational research organization which owns the website News In Progress, it is a #MinorityWomenOwned brand from #Brooklyn #Tahyira is also a first generation born American. Her grandparents moved to the country in the early 1970s to find work. Both of her parents were born in Trinidad and Tobago.
The Truth About Ownership for Black Millennials
Despite the rise in entrepreneurship, Black millennial business owners still face structural barriers that limit growth and sustainability. Celebrating Black business means also confronting the realities behind the grind.
I made a list of the things blocking me…and then did research to find out why these things exist 😎👩🏽🎓
- We’re Starting Businesses—But Without Wealth
- Access to Capital is Still Broken
Venture funding for Black founders remains under 2%. Traditional loans require credit or collateral many Black millennials simply don’t have.
- Ownership ≠ Security
Many Black-owned businesses remain sole proprietorships with no employees, stuck in survival mode. Without scaling, retirement plans and generational wealth are still out of reach.
- Side Hustles > Scalable Enterprise
The gig economy made it easier to start something—but harder to build equity.
Too many Black millennial founders are stuck in hustle mode, juggling full-time jobs, family responsibilities, and part-time entrepreneurship.
5. Visibility Without Support
Black brands get visibility on social media—but that doesn’t always translate to sales, investment, or long-term support.“Buying Black” must be more than a seasonal gesture—it needs to be a cultural commitment.
Tahyira has been vocal about the ongoing challenges with the content and educational work she pursues. “It’s like we have to break every system that exists here to see our own truths reflected back. How can I say yes fight for Black Lives when I am also at the same time fighting for myself? We are not separate from our cause, we are the cause. I have fought for my art, my voice, and my community to have more of everything. I seek quality and that’s something we have to work towards. Change was never going to be easy.”
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