The Demise of America’s Onetime Capital of Black Wealth

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Chicago was once known for its power marriage of Black business and politics. Today, many Black-owned companies have shuttered, dramatically changing the city's landscape.

helping the program rapidly grow from a local TV show here to a nationally syndicated cultural icon in the ’70s. Filling in the gaps between these businesses were Black-owned clothing stores, insurance companies, restaurants, gas stations and more.

Washington’s fundraising chief was Al Johnson, whose Al Johnson Cadillac was the country’s first Black-owned Cadillac dealership when it opened in 1971. A media campaign encouraging Black voter registration — “Come Alive October 5” — helped sweep Washington into office. “I said, ‘I gotta get there.’ There was something about seeing all these beautiful Black people walking down the street on Michigan Avenue, owning businesses and dressed fly as can be,” said King, who is now a partner at the Black-owned Chicago law firm Dillard & King.

“I have become resigned to the fact that we are living through the Great Exodus,” Jackson said. “And we are going to be like the Native American: at a place where [people will say], ‘Remember when the Black people used to be here?’”any historic Black businesses were born of a time when white-owned businesses would refuse to serve — or even recognize — Black customers.But John H. Johnson’s Johnson Publishing Co. was an outlier.

But today, the historic tower is a rental apartment building. Johnson Publishing went out of business in 2012 after years of decline. And its trademark Ebony and Jet magazines are published digitally only, and by a different, much smaller Black owned company based in Louisville, Ky.ruth is, things are tough all over for legacy companies — an important thing to keep in mind as we consider the loss of these Black-owned stalwarts.

 

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Bad Mayors

over here talking about racial disparities but then thinking its all the white peoples fault do us all a favor look up all ethnicities in every job you might find it surprising as fk that (not i) ethnicities lock into certain job types based on their own skill set and interests.

When Black women want to be SAFE and do not wish to be the sacrifice for the BC.

When the government anoints winners, consumers identify them as losers.

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