The National Black United Front (NBUF) is addressing the need to recycle the buying power of the Black dollar. It is claimed that the Black dollar only circulates 1 time before leaving the community while other ethnic groups recycle money in their community up to 7 times.
The thing that will hold this back is most blacks don't wanna own neighborhood businesses so the dollar can circulate. Local businesses aren't ideal. In fact with few exceptions I wouldn't suggest for blacks to open neighborhood businesses.
Truth be told most local businesses have high overhead, low profit margins, long hours, spoilage, shrinkage, and are dangerous to run. This is why the most successful Black businesses service the corporate sector and government.
In fact most neighborhood businesses are run by immigrants because they wouldn't fit as well into corporate America in that English may not be their native language. Immigrants run these businesses for survival or by default. Plus a lot of Blacks jump in cars and go shop in malls and downtown areas and not in their community any way.
I wonder given these factors and dynamics if we could recycle our money under a new paradigm of community. Could we create marketing epicenters or clusters online to support Black business in virtual types of communities and recycle that way? Hhmmmmm?
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