PURPOSE

The purpose of BlackOwnedNewYork.com is to increase the accessibility to Black-owned businesses in New York, and to make it easier for the business owners and consumers to reach and support one another.

It has been stated that an Asian person's dollar circulates in their community nine times, a White person's dollar circulates in their community five times, a Latino person's dollar circulates three times in their community, and a Black person's dollar circulates less than one time in their community.

According to Professor Steve Rogers, during the Black Wall Street era in Tulsa, 1921, a dollar would circulate 36 to 1,000 times, sometimes taking a year to leave the black community.
Now, a dollar leaves the black community in 15 minutes!

With these types of numbers, it no mystery why our community suffers the most economically. But, armed with information about how to reach local Black businesses we can greatly increase the dollars spent in our community thereby increasing our economic power.

Black Owned NY is dedicated to supporting the Black business owner in New York and empowering the local community with the information needed to increase the continued flow of Black economic power in the community.

KWANZAA PRINCIPLES AND LOCAL ECONOMIC EMPOWERMENT

As many people know, Kwanzaa is an African-American cultural celebration that takes place from December 26th through January 1st. Kwanzaa helps us focus on the collective aspect of what we are about as a people and reinforces the bonds between us as an empowered community.

The principles, listed below, help us remained focused on the strength and unity that an empowered community has:

Umoja (Unity)
- To strive for and maintain unity in the family, community, nation, and race.

Kujichagulia (Self-Determination)
- To define ourselves, name ourselves, create for ourselves, and speak for ourselves.

Ujima (Collective Work and Responsibility)
- To build and maintain our community together and make our brother's and sister's problems our problems and to solve them together.

Ujamaa (Cooperative Economics)
- To build and maintain our own stores, shops, and other businesses, and to profit from them together.

Nia (Purpose)
- To make our collective vocation the building and developing of our community in order to restore our people to their traditional greatness.

Kuumba (Creativity)
- To do always as much as we can, in the way we can, in order to leave our community more beautiful and beneficial than we inherited it.

Imani (Faith)
- To believe with all our heart in our people, our parents, our teachers, our leaders and the righteousness and victory of our struggle.

Follow these community principles all year long.