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How This Founder’s Hobby Became Oak Park Retail Incubator’s Biggest Success Story

Fri, 18 Apr 2025 04:28:22 GMT

“Big Chunky Blankets” — soft as a baby’s cheek and custom knitted in any color of the rainbow — folded into the foundation of what would become Maryann Nzioki Hult’s resilient, nearly pandemic-proof foray into entrepreneurship. They put local Tabu Knits on the online map of must-have-items and then became the seed of two Johnson County retail shops. Nzioki Hult took up knitting as a 9-year-old at her mother’s side. She was top-notch by her teens and even learned tailoring.

“I had a sister who was not interested in knitting. But I was very, very eager and interested in learning,” Nzioki Hult said. “Every time Mami used a new stitch I wanted to learn it.”

She studied hospitality at Johnson County Community College, then earned a bachelor’s degree in business from the University of Missouri in Kansas City. But her fellow students looked on knitting as an “old person’s hobby,” she said, so she put it aside. But only for the time being. As director of sales at the Overland Park Marriott, the always stylish Nzioki Hult would often add to her ensemble a bright scarf she had knitted while watching one of her favorite TV shows. Co-workers noticed and placed orders to give the scarves as gifts to their mothers, to their children’s teachers, and even to wear themselves.

Soon she expanded her offerings to hats, ponchos, and pet sweaters, and started selling them through such online marketplaces as Etsy and eBay. She called the line Tabu Knits — “Tabu” translates as “little trouble.” It’s a nickname given to Nzioki Hult as a child by her Kenyan father. At an Overland Park Chamber of Commerce event in 2018, the general manager of Oak Park Mall pitched a new holiday pop-up called Boutique in a Box. Using this concept, the mall would take a retail space and put in a variety of local vendors for the season.

Nzioki Hult signed up as Tabu Knits Boutique, but her stall was tucked away in the back corner. Still, it was so successful that it not only stayed after the holidays, it moved to the front of the space.

“The retail experience — I thought ‘Oh this is fun, this is something I can do,’” she said. “It did well, it did amazing. I was shocked.”

When Marriott put her on furlough twice during the pandemic, Nzioki Hult considered making the boutique her career.

“I was very addicted to my job so it was a tough decision to 100 percent pursue my business,” she said. ”It was a hard choice to take the leap of faith and be on your own as an entrepreneur without a guaranteed income. But if there was any time to go for it, that was the time.”

Running her own business also would allow her to set her own hours so she could be more available to her daughters — Juliet, now 11, and Kamila, now 9. Orders of Big Chunky Blankets surged during COVID as people spent more time cozying up at home.

“They needed the comfort,” Nzioki Hult said.

Tabu Knits Boutique continued to grow. After about three years in Oak Park Mall, it earned a prime spot in the center mall, upper level. The mall has called it one of its greatest incubator success stories. The store now offers its line of “super cozy knits” including women’s dresses, scarves, hats, custom sweaters, custom baby blankets and booties, pet sweaters and more.

Nzioki Hult also offers knitting classes — one just for the Big Chunky Blankets, others are group classes or one-on-one. But the shop has expanded beyond knitwear. She goes to wholesale markets four times a year — in Atlanta, Chicago and Dallas — to handpick women’s apparel in a variety of fabrics that will appeal to her customers — typically 28 to 55 years old. While some customers don’t need or want help, the majority want to work with Nzioki Hult’s stylists.

“I want them to buy an item that they absolutely love, not just to make a sale,” she said. “Our stylists are there to help women feel great about themselves, give them confidence.”

On a Saturday in February, customers ranged from those just seeing what was new to those specifically searching out yellow bridesmaids dresses. But nearly all stopped to take in the red, yellow and white knitwear on the front table — in honor of the Kansas City Chiefs — and oohed-and-aahed over the oh-so-soft material.

Several customers then headed over to Nzioki Hult’s new Tabu Formal & Bridal next door, where one bride-to-be was at a three-sided mirror — checking her white satin, off-the-shoulder mermaid gown at all angles. Other consumers checked out party dresses.

The shop currently has gowns in metallics, sequins and delicate beadwork, showcased on silks, satin and organza. Styles range from a bright scarlet strapless gown to a “mellow yellow” eyelet midi to a long-sleeved velvet “Baby Doll“ dress in hunter green. Nzioki Hult wants to grow her bridal market and perhaps open another location in Johnson County one day. But it hasn’t been all plain-sailing. An attempt to expand Tabu Knits Boutique to Leawood failed. It opened in Town Center Plaza in mid-2023 but closed in late 2024. Perhaps she spread herself too thin, she said, or maybe she didn’t know the Leawood market well enough.

“But I think it was the location. I wasn’t getting any new market share. Maybe it is more for big brand names,” she said. Officials with Town Center Plaza did not respond to a request for comment. To help navigate that period, Nzioki Hult attended CEO Roundtable monthly events through the Kansas Small Business Development Center at Johnson County Community College in Overland Park. Small business owners meet to network and confer on challenges they face in the free once-a-month event.

“It’s a great opportunity for business owners to learn from peers and share best practices,” said Stephanie Willis, business advisor at the center. “Just letting people know we are here is one of our biggest challenges.” For Nzioki Hult, the roundtable helped her with restructuring, employee relations (how to let an employee go who wasn’t working out) and marketing strategies.

“Real problems. People give you feedback and you learn from them,” she said.

“Things change and trends change and you have to be able to pivot really fast. To be able to stick around when it is not going well,” she said. “Retail has ups and downs, especially for beginners. You just have to build the resilience.”

Navigating Financial Wellness: A Holistic Approach to Homeownership and Financial Education

Fri, 18 Apr 2025 04:08:18 GMT

In today's evolving financial landscape, Tracy Rainge and LaDonna Ali are leading a transformative approach to financial wellness—one that extends beyond traditional banking. Their work highlights that financial stability isn't just about checking accounts, savings, and investments but a holistic journey involving credit management, budgeting, and strategic planning.

Tracy and LaDonna are both employed at Central Bank of the Midwest, in Kansas City, Missouri. Tracy serves as the director of the bank’s financial education program, Prosper U. LaDonna is a team lead, community development, and mortgage loan originator.

A Comprehensive View of Financial Wellness

Tracy Rainge emphasizes that financial health is an interconnected system rather than a collection of isolated financial products. “These facets tend to interlock,” she explains, noting that improvements in one area—such as budgeting—can have a ripple effect on others, like credit management and wealth building. Through Prosper U financial literacy courses and workshops, Tracy educates people of all backgrounds, including kids starting at age 5 on how to leverage financial tools to their advantage, ensuring they make informed, strategic decisions.

One of her key focuses is working with individuals who may distrust traditional banking and lean toward more predatory type products, because they simply don’t understand that they are paying more in fees and additional costs. “This is why there is a need for financial education,” she explains. “Prosper U classes are free, and attendees (virtual or in person) can be assured that the purpose is to provide knowledge and not sell them financial products.”

Tracy recalls an instance at a Kansas Housing Authority workshop where a participant was wary of banks. Through patient guidance, she helped them to open a checking account and transition away from costly check-cashing services. Her approach is designed to empower individuals with practical financial knowledge that promotes long-term stability.

Making Homeownership Accessible

For LaDonna Ali, homeownership is a pivotal aspect of financial security. She bought her first home at 24 with the help of a down payment assistance program and now works to educate aspiring homeowners on similar opportunities. “My realtor helped me to find help with the down payment,” she said. “I didn’t know what resources were available to me at the time.” She goes on to say that homebuyers should utilize the knowledge realtors have and ask plenty of questions.

“Some mortgage programs allow for a minimum credit score of 620 and a minimum down payment of 3%, which can come from grant funds, gift funds, retirement funds or your own funds such as a checking and savings account.”

As a board member of the Mortgage Bankers Association of Kansas City, LaDonna recently hosted a panel on down payment assistance that attracted over 85 mortgage loan officers and realtors. Her excitement about the market is clear: “We are in a great market in Missouri and Kansas,” she emphasizes, highlighting the affordability and variety of mortgage options available. Whether it’s a VA mortgage, FHA loan, or conventional financing, LaDonna is committed to finding the right solution for each homebuyer.

Financial Literacy Across Generations

Both Tracy and LaDonna stress the importance of early financial education and multi-generational banking relationships. “Get to know the professionals sitting at those desks in the bank lobby,” Ladonna says. “They are there to help you understand your accounts, direct you to right resources if you are seeking a loan or whatever banking services you may need.”

From young adults opening their first bank accounts to middle-aged individuals navigating financial hurdles, both women advocate for personalized financial guidance. They recognize that financial wellness is not a one-size-fits-all journey and prioritize community-focused solutions to ensure financial empowerment at all levels.

Building a Strong Financial Future

Ultimately, Tracy and LaDonna’s message is clear: financial stability is a continuous learning process that requires education, strategic planning, and the right support systems. Whether it’s helping a veteran transition from temporary housing to homeownership or guiding a skeptical client toward banking confidence, their work is about creating opportunities and long-term success.

By understanding the interconnected nature of financial management and leveraging available resources, individuals can build a solid foundation for a secure financial future.

Down Payment Assistance Resources

For those seeking financial support for homeownership in Missouri and Kansas, several organizations offer down payment assistance programs:

Missouri Housing Development Commission – Contact Rachel Hollinger at Rachel.hollinberger@mhdc.com or visit www.mhdc.com.
Kansas Housing Resource Corporation – Contact Marilyn Stanley at MStanley@kshousingcorp.org.
Health Forward Foundation – Contact Jennifer Tidwell at jtidwell@healthforward.org.
Habitat for Humanity of Kansas City – Offers up to $15,000 in down payment assistance. Contact JoEllen Richardson at jrichardson@habitatkc.org or Shawn Brantley at sbrantley@habitatkc.org.
Ches Inc – Contact Denise Baker at deniseb@chesinc.org.
City of Kansas City, MO – Offers up to $30,000 in down payment assistance for City of Kansas City, Missouri employees. Contact Dion Lewis at Dion.Lewis@kcmo.org.

National African-American Women’s Fitness Month

Fri, 18 Apr 2025 03:33:13 GMT

National African-American Women’s Fitness Month is a special time dedicated to encouraging African-American women to lead active, healthier lives. Celebrated every April, this month focuses on physical activity and overall wellness, aiming to highlight the unique health challenges African-American women face. It’s a chance for women to explore various forms of exercise like aerobics, yoga, and strength training, all designed to improve heart health, flexibility, and strength.

The month is significant for several reasons. It promotes inclusivity and diversity in the fitness world, acknowledging and addressing the specific needs of African-American women. By shining a spotlight on important health issues such as heart disease, diabetes, and obesity, the month encourages unity and solidarity among women. It’s about setting positive examples for future generations, boosting confidence, and lowering stress levels through the power of regular exercise.

National African-American Women’s Fitness Month also emphasizes the importance of fitness at one’s own pace, challenging the unrealistic body images often portrayed in the media. Instead of focusing on achieving a certain look, the month is about celebrating progress towards better health. By joining fitness groups, attending health workshops, and sharing fitness journeys on social media, women are inspired to take charge of their health and well-being. This community-focused approach fosters a supportive network and highlights the benefits of staying active for long-term health.

History of National African-American Women’s Fitness Month

National African-American Women’s Fitness Month began in April 2006 as an initiative to highlight and address the health challenges that disproportionately affect African-American women. This important month encourages African-American women to participate in physical activities. It promotes a healthy lifestyle to combat health issues like heart disease, stroke, and cancer, which are among the leading causes of death for African-American women in the United States. This month was established to raise awareness about the significant health risks facing African-American women and encourage proactive steps towards healthier living.

It focuses on the importance of regular exercise, balanced nutrition, and mental health care as keys to combating these risks. By highlighting the unique health challenges faced by African-American women, the month aims to create a supportive community focused on fitness and well-being. The celebration of National African-American Women’s Fitness Month isn’t just about individual health; it’s also about community empowerment. It promotes inclusivity and diversity within the fitness world, acknowledging African-American women’s specific needs and struggles. The month brings women together, fostering a sense of unity and solidarity. By participating in fitness activities, attending health seminars, and sharing their fitness journeys on social media, women can inspire each other to take charge of their health. This collective effort addresses the physical aspects of health, tackles stress, and promotes mental well-being.

This special month serves as a reminder that taking steps toward a healthier lifestyle can profoundly impact personal health and can set positive examples for future generations. It emphasizes that fitness is about physical appearance and overall health and wellness. Through various activities and programs, National African-American Women’s Fitness Month encourages women to find joy in movement, explore new forms of exercise, and make health a priority in their lives.

How to Celebrate National African-American Women’s Fitness Month

Celebrating National African-American Women’s Fitness Month can be a joyous and empowering experience! Here’s a quirky and playful guide with some suggestions to make the most out of this special month:

Groove With a Dance Class: Why walk when you can dance? Sign up for an Afro-Rhythms dance class and let your body move to the rhythm of joy and freedom. It’s not just about burning calories; it’s about expressing yourself, celebrating your heritage, and having a blast while at it.
Find Your Zen with Yoga: Strike a pose—and not just any pose, but a yoga pose! Whether it’s in a brewery with a complimentary mimosa after the session or any local studio that catches your fancy, yoga is the perfect way to stretch, strengthen, and find your inner peace. Remember, it’s all about balance in life and on the yoga mat.
Kick it Up with Kickboxing: If you’re looking to add a little punch to your fitness routine, kickboxing is the ticket. It’s a great way to let off steam, build strength, and have fun. Who knew sweating could feel so good? Plus, you’ll be joining a community of folks who are all about encouraging each other to live their healthiest lives.
Lace Up for a Run Club: Running isn’t just good for the heart; it’s also a way to connect with others. Joining a run club can be a fantastic way to meet new friends, challenge yourself, and enjoy the outdoors. Whether you’re sprinting or just enjoying a leisurely jog, every step is a step towards better health.
Dive into Full-Body Sports: Swimming, cycling, tennis – oh my! Full-body sports are an excellent way to keep your fitness routine diverse and exciting. They’re not just workouts; they’re adventures. So, why not make a splash, hit the road, or swing into action? Your body (and mind) will thank you.

How Black Families Can Build Generational Wealth

Fri, 18 Apr 2025 03:18:23 GMT

Key Takeaways

Historic systemic barriers have left the typical Black American family with just 16% the wealth of the typical white family,1 which can inhibit Black families’ ability to build generational wealth.
While homeownership is one of the best ways to begin building generational wealth, other strategies include investing in retirement accounts, establishing an estate plan and taking out life insurance policies.

Having wealth to pass on to the next generation is a privilege, especially if building wealth is a challenge. This is the case for many Black families. According to the Federal Reserve, because of systemic barriers – including racial discrimination in housing, employment and banking – the typical white family has six times the wealth of the typical Black family.1

What is Generational Wealth?

Generational wealth refers to the financial assets that one generation passes down to the next. These assets could be property, investments, cash or other things of monetary value. Over the years, these assets can increase in value, creating a growing legacy for subsequent generations.

“The biggest impediment to Black generational wealth has been the lack of access to homeownership in a world where about 75% of Americans’ wealth is tied to the value of their homes,1” says Scott Ford, president of U.S. Bank Wealth Management. “Redlining policies or higher mortgage rates may have kept you from buying a home, which in many cases is what initiates the ability to pass wealth along to your children and subsequent generations.”

That said, there are other tools that can help Black families establish a legacy of wealth for future generations.

Building Generational Wealth: Start With a Retirement Plan

If you’re not already taking advantage of an employer-sponsored retirement plan, it’s time to start. Or, if you’re only investing the bare minimum in that plan, increase your contribution. Learn about the benefits of long-term investing, the power of compounding interest, the impact of inflation and the risk-reward tradeoff.

“African Americans tend to be more risk averse than other investors,” says Ford, “but what they don’t always understand is just how much their investments are going to grow over a 30-year timeframe, versus just leaving that money in a bank account.”

It doesn’t have to be a time-consuming activity, either, but “it may require adopting a new mindset of ‘paying yourself first,’” adds Ford. For example, by automating contributions to any retirement plans, money market accounts or savings accounts, you can sock away money both for your own retirement and for the benefit of future generations.

Also, setting up a systematic transfer to your savings account for every paycheck is an effective way to start building a nest egg without much additional effort. Just make sure all accounts have a transfer-on-death provision, which allows you to leave the account’s assets to one or multiple different individuals.

Change Your Mindset About Discussing Generational Wealth

“In many Black households, money is almost a taboo topic,” Ford says. “You don’t ask your parents how much they make or how they pay the bills. By the time young African Americans come into adulthood, they may not understand credit, how to manage a checking account or how to invest.”

There are many ways to incorporate financial education into family life. Simply talking to family members about money and personal finances is a great place to start, too. Ford notes that gaining financial literacy, delaying financial gratification, understanding the value of attending college or starting a business may all require some extra time and effort, but they’re crucial steps in building lasting wealth for Black families.

The Importance of a Financial Plan to Generational Wealth

Ford sees excellent potential for individuals who want to adopt a long-term financial approach that leverages higher education, homeownership, employer retirement plans and other wealth-building opportunities. A financial plan is important component of this effort.

First, assess your current financial status, including total income, total debt, any retirement savings and so forth. Then—ideally with the help of a financial professional—you can create a financial plan that factors in that current status, plus your future goals and what needs to happen to achieve those objectives.

“There's no easier way to pass on generational wealth than to have a life insurance policy with named beneficiaries. It’s a tax-free wealth creation tool that allows you to leave an even bigger legacy for future generations.” - Scott Ford, President of U.S. Bank Wealth Management

With this baseline established, you'll have a clear line of sight as to what decisions or changes you need to make to start building generational wealth.

Other Tools For Building Generational Wealth

Life insurance. Taking out a life insurance policy is another effective way for Black families to build generational wealth. “There's no easier way to pass on generational wealth than to have a life insurance policy with named beneficiaries,” Ford says. “It’s a tax-free
wealth creation tool that allows you to leave an even bigger legacy for future generations.”
An estate plan. As your assets grow, you’ll want to ensure that they will be distributed after your death according to your wishes. An estate plan includes documents like a will, trusts and a living will.
Power of attorney. This is an important part of an estate plan, ensuring your wishes are on record if you ever need someone to make financial or healthcare decisions on your behalf.

Overcoming the racial wealth gap and building generational wealth can require mindset shifts that do not happen overnight. Rather than trying to address all aspects simultaneously, break them down and focus on them one at a time.

“The onus to educate yourself, begin investing, take out a life insurance policy and draw up a financial plan is on each individual; this isn’t something that society can impose,” says Ford. “Education and resources are available, but each person is responsible for their own wealth creation, which doesn’t just happen naturally. You have to be intentional and deliberate about it.”

The Black MasterMind Charitable Foundation Pitch Competition Winners

Thu, 30 Jan 2025 16:27:43 GMT

The Black MasterMind Group Charitable Foundation celebrates the innovative minds that wowed the judges and secured victory at our recent Pitch Competition held on Friday, December 13, 2024 at the newly opened Legacy Conference Center in Kansas City, Kansas.

These brilliant entrepreneurs are all graduates of the Black MasterMind Financial Entrepreneurial Financial Literacy BootCamp making waves with their groundbreaking ideas, and amazing business ideas. Winners were announced at The Black MasterMind Annual SUCCESS Summit Award Dinner held on Saturday, December 14, 2024. The next Pitch Competition will be held June 13, 2025 for those who are graduates of the BootCamp Program will have the opportunity to compete for $50K in cash and prizes.

To be eligible to participate you must graduate from the BootCamp Class. The next class is in January 2025. To be eligible to enroll, get on the waitlist today at the organization’s website: theblackmastermindgroup.com

The Winners:

10K Cash Prize Winner David and Sue Rodriguez, Owners of T-Shirts4U in Kansas City, Kansas, which has been in operation for 16 years. The 10K will help them to purchase embroidery equipment to provide additional products and services to their customers.

5K Winner Cash Prize Winner - Sheila Keith , Owner of Keith Monuments in Chattanooga, Tennessee, which has been in operation since 2010. The 5K she received will be used to further her business operations and buy new monuments for her customers.

1K Marketing Package Winner - Phyllis Jordan , Owner of EV Charge and Tow Service in Chattanooga, Tennessee. The Marketing Package will help Phyllis develop strategies to launch her business.

1K Marketing Package Winner - Chandra Green , Owner of SoulMine LLC in Kansas City, Kansas. The Marketing package will provide Chandra with additional strategies to support her business growth.

To participate in the Pitch Contest in June 2025, register to attend the BootCamp Class today. Classes are held every January, April, August, and October. Get on our waitlist to determine eligibility for a scholarship at www.theblackmastermidngroup.com.

Platinum Repairs: The One Stop Shop for Gaming and Electronic Repairs

Thu, 30 Jan 2025 16:23:30 GMT

When Phillip Guthrie started repairing gaming systems and other electronics in his home more than 10 years ago, he may not have realized at the time, that his small business was taking root.

It started out as work he did in addition to holding a full-time job. “Before I started Platinum Repair, I worked in industries that had nothing to do with my repair work,” Guthrie explained. That is, until one employer called on him frequently to make repairs in the office.

Guthrie had grown tired of the work he had been doing and was ready for a change. He started to see himself owning his own business and working it full-time. “It was a big risk,” he said. “I knew I was good at this work. I was getting new and return customers.” By the time, Guthrie moved into his first commercial space, he had built up a strong customer base.

His start-up journey aligns with data from the U. S. Small Business Administration that “about 15 million start-up businesses begin their operations from a home base.” The number represents about half of small businesses in this country.

He needed space to grow the business

As word spread about Guthrie’s repair business, the customers came. There was a big demand for his services. It no longer became manageable for him to operate out of his home. His wife, Rosalind had grown tired of the clutter of his work tools taking up space in the basement and garage.

If the business was to expand, he had to secure a spot where he could store his inventory, work on repairs, greet customers, and sell gaming systems and computers. Guthrie located the perfect first space at 35 ^th and Sterling, in Independence, Mo. “I am grateful that the landlord worked with me and didn’t have a lot of requirements I had to meet,” he explained.

How Guthrie’s business model works

Platinum Repair is centered around quick turnaround times and keeping a comprehensive parts inventory on hand. This allows him to honor his commitment to same-day service. “Naturally, some repairs are going to take longer depending on the issue,” he said. “I am very intentional about standing by my service delivery.”

Guthrie says it is this commitment that has helped him grow a loyal customer base. His work has also gotten the attention of big-name retailers, Best Buy and GameStop. Some of his customers have been referred by those businesses. “These referrals have help to further boost the business.”

Many customers are not aware that Platinum Repair is a black-owned business until they walk in the door. Guthrie says the type of business he has is generally operated by people who don’t look like him. “People are pleasantly surprised and that’s fine with me.”

His advice for aspiring entrepreneurs

Be prepared to work hard and to encounter obstacles. “It is how we learn how to properly run our businesses and best serve our customers,” Guthrie said. He goes on to say that entrepreneurs must be determined and willing to take risks and learn from mistakes. And he also adds to not be held back due to a lack of funds. “I didn’t have much money to start with and I just had to keep working this thing.”

Guthrie’s own story serves as an inspiring example of how to turn a personal passion into a business venture that can lead to a fulfilling and rewarding career path.

How to connect with Platinum Repair

As Platinum Repair continues to grow, Guthrie is now in another commercial space. The business is now located at 6218 Raytown Trafficway, in the Center 63 Shopping Center. Hours are from 10am-5pm, Monday-Friday.

Visit the company website at platinum-repair.com to learn more about their services and be sure to follow Platinum Repair on Facebook for more information.

5 Facts About Black Americans And Healthcare

Thu, 30 Jan 2025 16:12:08 GMT

More Black Americans say health outcomes for Black people in the United States have improved over the past 20 years than say outcomes have worsened, according to a Pew Research Center survey. A majority of Black adults also say that their most recent experiences with the healthcare system have been positive.

At the same time, though, Black Americans have broad structural concerns about health care in the U.S. and experience disparities in outcomes. For example, mortality rates from cancer and maternal mortality rates are higher among Black Americans than White Americans.

How we did this

Here are five key facts about Black Americans’ attitudes about and experiences with health care, based on the Pew Center survey:

Black Americans’ recent experiences with the U.S. healthcare system are mainly positive. About six-in-ten Black adults (61%) say the care they received most recently was either excellent (25%) or very good (36%), and another 25% say it was good. And about half (51%) say their out-of-pocket cost for that care was “about what is fair.”

Majority of Black adults give positive ratings to the quality of health care they’ve received most recently

However, these views vary by income. Around three-quarters of upper-income Black adults (73%) describe their most recent care as excellent or very good, compared with 66% of those with middle incomes and 55% of those with lower incomes. And 67% of upper-income Black adults say the out-of-pocket cost of their care was about fair, compared with 46% of Black adults with lower incomes.

Still, a majority of Black adults (55%) say they’ve had at least one negative interaction with doctors or other health care providers. For example, four-in-ten say they have had to speak up to get proper care, making it the most common type of negative interaction we asked about in our 2021 survey. About a third say that their pain has not been taken seriously (35%) or that their provider has rushed them (32%).

40% of Black adults say they’ve had to speak up to get proper medical care

Black Americans’ responses on these questions don’t differ dramatically from those of U.S. adults overall. For instance, 41% of all adults say they have had to speak up to get proper care, and 32% say their pain has not been taken seriously.

Among Black Americans, younger women are the most likely to say they’ve had negative experiences with health care providers. For instance, 52% of Black women ages 18 to 49 say they have had to speak up to get proper care. That compares with 40% of Black women 50 and older, 36% of Black men 50 and older, and 29% of Black men 18 to 49.

Younger Black women more likely to say they’ve had negative health care experiences

Overall, 71% of Black women ages 18 to 49 say they’ve had at least one negative interaction with a health care provider, compared with 54% of Black women 50 and older, 51% of Black men 50 and older, and 43% of Black men ages 18 to 49. (Women were asked about a total of seven experiences, including one relating to women’s health, while men were asked about six experiences. The differences by age and gender remain when analyzing only the six experiences asked of both men and women.)

Younger Black women are also the most likely to say that they would prefer to see a Black provider and that a Black provider is better than other providers at looking out for their interests and giving them the highest-quality care.

Black Americans cite a lack of access to high-quality medical care as the top reason Black people generally have worse health outcomes than other people. More than six-in-ten Black adults (63%) say having less access to care is a major reason for these disparities, and another 22% say it’s a minor reason. Research has shown that there tend to be fewer primary care physicians, trauma centers, pharmacies and COVID-19 vaccination centers near where Black Americans live.

Black adults attribute health inequities to less access to quality care, range of other reason

About half or more of Black adults also point to several other factors as major reasons Black Americans tend to experience worse health outcomes. For example, 52% say a major reason is that Black people live in communities with more environmental problems, and 51% say a major reason is that Black people are more likely to have preexisting health conditions.

Black adults with higher levels of education are more likely than those with lower levels of education to identify these and several other factors as major reasons.

Most Black Americans say it doesn’t make a difference to them whether they see a Black health care provider. More than six-in-ten (64%) say this. But 31% would prefer a Black provider, including 14% who would strongly prefer this. Only 4% would prefer not to see a Black provider.

There are no major differences in these views depending on whether Black Americans have seen a Black health care provider in the past. The share of Black adults who prefer a Black health care provider is similar among those who have previously visited one (32%) and those who have not (30%).

However, Black providers are underrepresented in medicine, potentially making it difficult for those who prefer a Black provider to find and book an appointment. Just 5% of physicians and surgeons nationwide are Black, and the same is true for physician assistants. Overall, Black Americans account for about 14% of the nation’s population.

Black Americans' Perspectives On Pathways to Economic Opportunity And Success

Thu, 30 Jan 2025 16:09:55 GMT

The Black Economic Alliance (BEA) Foundation, the nation’s leading organization harnessing the collective expertise and influence of Black business leaders and aligned advocates to advance work, wages, and wealth for the Black community, released the results of research into Black Americans’ views on economic success and opportunity. The BEA Foundation collaborated with Deloitte on the report and analysis as part of an ongoing collaboration through Deloitte’s social impact commitments aimed at building a more equitable society. The Foundation conducted a broad-based research survey for this report, which was layered with targeted, online diary-style interviews. The research found that while Americans across racial groups define economic success quite similarly, Black Americans’ perspectives on the most effective pathways to achieving that success are quite distinct.

“This research shines a light on perspectives that are critically important for leaders to prioritize in their economic policy making and decision making: those of Black Americans about pathways to economic opportunity and success,” said BEA CEO Samantha Tweedy. “These data and findings provide leaders across government, business, and philanthropy with first-hand insights to inform their efforts to advance Black economic prosperity and wealth-building.”

“As the report highlights, there is a tremendous need to break down the existing barriers to Black economic prosperity in our financial systems,” said Courtney Davis, principal and financial inclusion leader at Deloitte & Touche LLP. “Doing so will require significant effort and cross-sector collaboration. Having these in-sights on how the Black community views our economy is a crucial step in that journey.”

The survey began with a simple yet rarely asked question: "What does economic success look like to Black Americans?", which yielded similar answers across races, including: being able to provide for one’s family; to live comfort-ably, with little to no debt; to have a good job with quality benefits; and to have the ability to successfully start a business.

However, key differences emerged by race when respondents were asked about the pathways to economic opportunity, with a focus on four key issue areas critical to Black economic advancement — entrepreneurship, employment, housing, and voting rights:

Entrepreneurship. The survey found that Black respondents value entrepreneurship and a community-centric approach to building wealth. Black respondents were more than twice as likely as white respondents (31% to 13%) to say they would use an unexpected financial windfall to start their own business.

Employment. Black respondents were less confident about the likelihood of their current job serving as a pathway to economic oppor-tunity. Only 27% of Black survey respondents believed that their current salary level would set them up for future economic success compared to 39% of white respondents.

Housing. Black respondents were less likely than their white counterparts (29% vs. 38%) to use an unexpected windfall to purchase a home to live in – but more likely (39% to 33%) to use it to purchase a home to rent out.

Voting. Black respondents were also less confident in the likelihood of politicians, and politicians’ preferred policies, having an impact on their economic success. Yet a significant majority of Black survey respondents (83%) reported voting in the last four years and 9 out of 10 Black respondents believed that state and local governments were most important to improving economic opportunity.

Methodology

The broad-based survey of 2,553 adult Ameri-cans engaged a diverse range of self-identified demographics (e.g., ethnicity, age, gender, education, household income, and region). The survey took place over 25 days from October 20, 2022 to November 14, 2022, and was con-ducted over dScout, which is a digital survey and ethnographic research tool. Each respondent was compensated for their participation. The survey provided both a broad dataset as well as a framework to determine which survey respondents were best fit for the follow-up interviews that dove deeper to bring to life the chosen participants’ lived realities. This second step — conducted earlier this year, also over dScout — immersed several dozen unique Black participants in a series of multiple-choice questions, open response questions, and video submissions to better understand how they defined economic prosperity and how they viewed the relative importance of specific topics on attaining said economic prosperity.

About the Black Economic Alliance Foundation The Black Economic Alliance Foundation is the nation’s leading organization harnessing the collective expertise and influence of Black busi-ness leaders and aligned advocates to build economic prosperity and generational wealth for the Black community. We partner with leaders across the public, private, and social sec-tors to champion policy reimagination, develop investment and philanthropic programs, com-mission research, and elevate national under-standing of the inextricable link between the health of the Black economy and the entire American economy. The BEA Foundation is the 501(c)(3) non-profit affiliate of the Black Eco-nomic Alliance, a nonpartisan coalition of Black business leaders and allies committed to advancing work, wages, and wealth in the Black community.

foundation.blackeconomicalliance.org

Building Brighter Futures: BTC’s Commitment to Second Chances and Community Impact

ddperry@dmpkc.com (DeMont Perry) — Wed, 04 Dec 2024 22:58:14 GMT

For BTC (Beyond The Conviction), a second chance is more than a slogan—it’s a mission, a movement, and a lifeline. Established in 2007 by Patrick Danley, BTC began as a reentry support program, and today it is a thriving organization that addresses a wide range of needs. With access to over 130 housing units, community partnerships, and offering hands-on training programs, BTC helps individuals who have faced obstacles such as incarceration, economic hardship, and other societal barriers. “Our goal,” says Executive Director Tanishia Shannon, “is to help everyday individuals become productive members of society. Everyone deserves that chance, no matter their past.”

BTC’s growth from reentry support to a multifaceted organization is a testament to its commitment. The organization is designed to be a "one-stop shop" for those in need of stability and skills, offering services for formerly incarcerated individuals, veterans, single parents, and at-risk youth. “We’re here for anyone who walks through our doors,” Shannon explains. “But we have a particular focus on ex-offenders, helping them gain the skills and support they need to reintegrate. It truly takes a village, and BTC is that village for many.”

Comprehensive Support through Specialized Programs

BTC’s Workforce Preparatory Training Service is among its flagship offerings, setting participants on pathways to sustainable careers, not just jobs. This 28-week program, structured around practical skills, offers training in construction, property maintenance, landscaping, and customer service, with a new addition of IT training through a partnership with Spectrum Communications. “Our aim is to get people into careers with growth potential, giving them tools to change their futures,” Shannon says. Each cohort can accommodate up to 28 participants, with new slots opening in June 2025 due to high demand. “It’s inspiring,” she notes, “seeing people go from barely making ends meet to earning six-figure salaries.”

Housing and transportation are critical parts of BTC’s support. The organization collaborates with property managers and landlords willing to rent to individuals who face barriers due to criminal records. “Housing is a significant obstacle,” Shannon shares. “We’ve been able to offer stable homes thanks to partners who believe in our mission.” BTC’s transportation services also provide discounted rates for individuals with felony convictions to ensure they can commute to work and other necessities. “Getting from point A to point B can be a challenge for our participants,” Shannon explains. “Removing that barrier can make a huge difference.”

A Vision for Nationwide Impact

BTC’s ambitions reach far beyond its current programs. “Our ultimate goal is to establish BTC in all 50 states,” Shannon shares confidently. “We’ve seen firsthand how lives can be transformed, and we want to replicate that in as many communities as possible.” This vision includes a new initiative called "Business Baby Showers," a unique program supporting budding entrepreneurs, especially those with criminal records, by providing essentials like business licenses, supplies, and mentorship. “It’s like a baby shower, but for a business,” Shannon explains. “We want to provide a foundation for people to start their businesses and help foster a cycle of success in their communities.”

The organization’s success is built on partnerships with local businesses, individuals, and other organizations. It’s guided by BTC’s philosophy of the “Three T’s” — time, talent, and treasure. “Our partners bring something unique, which helps us fill in the gaps in our services,” Shannon explains. “Whether it’s volunteering time, specialized skills, or financial support, our collaborations make a difference.”

BTC’s inclusive approach, Shannon says, is built on making essential services accessible to all, and the organization likens itself to the “Quick Trip of social services.” “People can come to BTC and find everything they need—groceries, toiletries, grooming, job support. We want to be a place where individuals can access all the essentials to restart their lives.”

The Ripple Effect: Giving Back and Paying It Forward

BTC’s work goes beyond immediate assistance; it aims to create a ripple effect, encouraging participants to give back. “Our hope is that when someone’s life is turned around, they’ll come back and pay it forward,” Shannon says passionately. “For us, a success story isn’t just someone doing well for themselves, but someone who is helping others in their journey.”

Shannon’s own path to BTC reflects the organization's transformative mission. “I came to BTC through community service. My background was in nursing, but I found my purpose here. I get to build relationships and create opportunities for others, and that’s what I’m most passionate about,” she says.

How to Connect with BTC

BTC’s doors are open to anyone needing assistance or interested in supporting their mission. Shannon encourages individuals to reach out. “You can contact us by calling our office at (816) 842-4975 or by visiting our website at www.btcbbf.org. Our site links to all our programs, whether it’s staffing, property maintenance, or human services. We want people to know that there’s a place for them at BTC.”

As BTC continues its work, the organization embodies hope, resilience, and the power of community. Their innovative programs and commitment to expanding second-chance opportunities make them a vital force for change, and their ambition to grow across the U.S. holds the promise of brighter futures for countless individuals that have been challenged by incarceration.

Beyond the Conviction

4042 Indiana Ave

Kansas City, MO 64130

Mental Health First Aid, Minority Health, and Wellbeing

Wed, 04 Dec 2024 22:40:28 GMT

As Juneteenth marked an important commemoration of the abolition of slavery in the United States, it is not only a reminder of hope and resilience, but also a reminder of the work that remains in the efforts toward mental health equity in Black communities.

Kimberly Arnold, PhD, MPH, is a health equity activist-scholar, Mental Health First Aid Research Advisor, and an assistant professor at the University of Pennsylvania. In part one of Dr. Arnold’s blog, she discussed the importance of understanding the connection between historical trauma and the physical and psychological wellbeing of Black communities, and emphasized the need to reduce stigma, push for equitable access to mental health resources and services, and celebrate the achievements of Black people throughout history.

This blog focuses on why community-engaged research is important for mental health equity in Black communities, Dr. Arnold’s work in delivering mental health interventions in Black schools and churches, and her thoughts on the future of the community-engaged mental health research field.

The journey to community-engaged research

Although she had always been interested in reducing health disparities disproportionately facing Black people in the United States, Dr. Arnold remembers learning important lessons throughout her graduate studies that made her want to work in this field even more. She said, “What I didn’t initially realize was that [racism, discrimination and inequities in social determinants of health] are forms of trauma.

Being disrespected and denied opportunities because of the color of your skin is traumatic. Not having access to healthy, affordable foods or safe, affordable places to exercise in your neighborhood is traumatic. Being zoned to attend under-resourced schools is traumatic. … By the end of my MPH [Master of Public Health] program, I knew that I wanted to dedicate my career to using community-engaged research approaches to study, implement and evaluate public policy, health services and community-based solutions to reducing health disparities and advancing mental health equity for Black Americans.”

Dr. Arnold continued studying community-engaged research during her doctoral studies and her fellowship with the National Institute of Mental Health. She recounts a particularly memorable program, called “RAP Club,” in Baltimore, which focuses on prevention and expanded her knowledge on how to improve evidence-based interventions in real-world settings.

RAP Club employs evidence-based practices like mindfulness and cognitive behavioral therapy. Researchers, Black youth and community board members adapted it before using it in 30 middle schools. Dr. Arnold said, “I saw first-hand how the program helped students understand trauma and its effects, identify stress and deal with it positively, control their emotions and use mindfulness to improve their mental wellbeing.” Her interviews with school staff also provided her with an understanding of the importance of addressing complex factors to improve the adoption, implementation, and sustainability of mental health interventions in under-resourced schools.

Empowering communities: Insights from the field

Dr. Arnold’s current research focuses on improving health equity in places like schools and churches in predominantly Black communities. She said this is a strategic approach because Black children spend most of their time in school, and many Black adults are connected to or live near a church.

“Mental health ecosystems within predominantly Black schools and churches … have the capacity to provide comprehensive mental health support to Black populations that tend to have limited access to mental health care,” she explained. In these settings, a three-part approach of mental health education and promotion, screening and interventions, and intensive support or referrals to specialized care could be offered for different groups of people.

Despite recent advancements, there is still a gap between local mental health systems, schools, and churches. For Black churches, financial barriers, lack of partnerships between mental health organizations and faith communities, and stigma may be some factors influencing the uptake of these programs. Dr. Arnold noted, “Although Black churches have a long legacy of being a community hub for spirituality, social justice, social support, economic and political power, and health promotion, mental health is still not discussed or addressed as often in Black churches compared to physical health conditions such as diabetes, cancer or hypertension. There is still room for advancement of mental health equity in both schools and churches, so we still need to continue reducing mental health disparities in both settings!”

The future of community-engaged research

To meet the needs of various communities across the country, community-engaged mental health research must continue to expand and evolve. Dr. Arnold shared several advancements that she hopes to see in the next few years.

Community Involvement: Engaging communities as active and equal participants in all steps of research, such as design, implementation, evaluation and dissemination, is key. This helps create a sense of shared ownership, ensures ethical research practices, and makes the research more responsive, applicable, practical and beneficial to communities.
Asset-based research approaches: Exploring and highlighting the strengths, resilience and positive coping mechanisms within communities can lead to more effective and sustainable mental health interventions.
Culturally tailored interventions: Working together with communities to develop, adapt and implement mental health interventions that fit their culture will allow community members to see themselves in the program and address their specific mental health concerns.
Diversity in participants and community settings: Actively including and recruiting participants from a variety of backgrounds helps researchers understand the unique mental health needs and experiences of different community members. In addition to schools and churches, there is a need to increase the implementation, evaluation and sustainability of mental health interventions in community settings such as beauty salons, barbershops and recreational centers.
Sustainable multi-sector partnerships: Building partnerships with different groups, including community members, researchers, mental health providers, administrators and advocates, can help move research forward. These partnerships can also help groups develop research priorities together and share findings effectively.

Some of these recommendations have already shown positive results in the field. For example, teaching Mental Health First Aid to barbers and hairstylists has helped them recognize the signs of mental health challenges in their clients. The Black Faith and Mental Health Coalition, which Dr. Arnold recently co-founded with faith and mental health stakeholders, brings together churches, mental health providers, community-based mental health organizations, civic leaders, and academics to implement evidence-based mental health interventions, connect faith community members to local mental health services, and conduct community partnered mental health services research. But the work continues.

“By advancing in these areas, community-engaged mental health research can become more responsive, practical and impactful. This collaborative approach has the potential to generate more relevant insights, reduce mental health disparities and promote the overall wellbeing of diverse communities,” Dr. Arnold said.

Kansas City Lesson On Supporting Black Businesses That Can Work Anywhere

Wed, 04 Dec 2024 22:29:41 GMT

Long before they were threatened by the economic shutdown associated with COVID-19, Dr. Karen Curls says that Black-owned small businesses were held back by the country’s “racial pandemic.” Curls, principal of Curls Jude Joseph, a real estate firm that does revitalization work in Kansas City, joined other leaders working to support Black business owners there for an online forum recently organized by the Center for Public Integrity and The Kansas City Call newspaper.

Curls, Daniel Smith from Porter House KC, Nia Richardson from KC BizCare and Kim Randolph from the Heartland Black Chamber of Commerce talked about the impact COVID-19 has had on a community already facing disproportionate barriers from historic redlining and other forms of discrimination.

Here are five major takeaways from the forum.

Access to capital is king

Many small minority- owned businesses don’t have access to an adequate amount of credit, so a large part of their capital comes from consumers. “If you want to support Black businesses to help them thrive, patronize them.” Richardson said.

“Utilize them on projects, support them, mentor them.” In Kansas City, patrons can find Black-owned businesses on Kcblackowned.org, and tcbmagazine.com said Richardson. In other communities, local business associations can help find resources.

Collaboration is key

Randolph said the Heartland Business Chamber of Commerce ramped up partnerships with other organizations doing similar work during the pandemic. “We reached out and looked for partners so that we were not trying to be the end-all be-all but if we [could] find partners that had resources that would work that we could come together and say, ‘hey I’m going to send these people over to you I need you to do this,’” Randolph said. Other panelists echoed that as a community service provider it is important to know how other organizations can help so as not to turn into a one-stop shop.

Business education and financial literacy is an integral first step (but not more important than access to capital)

Smith said that the organization he co-founded, Porterhouse KC, serves as a safe space to ask questions and learn about financial management, accounting, legal services and more.

“The lack of quality education that empowers us when we’re young to have the confidence to break down a lot of these barriers is a huge piece of that puzzle.” Smith said. “A lot of the folks that we serve are afraid of systems. Banking is a system, law is a system, education is a system and there’s this myth of entrepreneurship and what that really is — that’s a system too."

Side hustles that don’t turn into legitimate businesses are a problem caused by the education system, Smith said. Randolph added that people have to understand the difference between creating a job and starting a business. “A lot of people, they don’t have a business, they’ve created a job. So they don’t set up their books properly because all the revenue that comes in, they use it as their revenue to live off of. They don’t have a real business,” she said. And, it’s a misconception that running a business is easier than working for someone else, Randolph added.

Do your research

Smith rattled off a list of resources available to business owners in Kansas City:

Heartland Black Chamber of Commerce
KC BizCare
GIFT
Prospect Business Association
The Porterhouse KC
EBB – Entrepreneur Business Basics
KC Source Link

The panelists emphasized the importance of business owners knowing where to turn to for support. Many communities have business associations and chambers of commerce. Business service providers have to create a better ecosystem for Black-owned businesses and that means connecting owners with resources, said Richardson.

“Get to know the organization in your community. We will help you if you want to be helped but you have to meet us halfway,” she said.

In order to be helped, business owners have to be patient and willing to accept constructive criticism, she said.

Get to know you financial institutions

As Public Integrity Editor Jamie Smith Hopkins reported in her investigation into the distribution of PPP loans in Kansas City, the once-redlined 64128 ZIP code has just one bank branch. Still, panelists stress the importance of business owners familiarizing themselves with local banks.

“A lot of people in the community are afraid of systems. They’re not even ever thinking about a bank loan. You need to build a relationship with your banker. We need to start normalizing building essential relationships.” Richardson said.

If it’s the right bank they can advocate for you, she added.

The Best Black Economy In Generations - And Why It Isn't Working

Wed, 04 Dec 2024 22:16:20 GMT

By Dedrick Asante-Muhammad and Algernon Austin

Black Americans are experiencing the most positive economic conditions in generations: Record low unemployment rates, record low poverty rates, along with record high income levels and new heights of wealth. With these data points, one could easily assume African Americans are experiencing broad prosperity. Yet deeper investigation reveals that despite record breaking economic numbers, African Americans are still mired in great economic insecurity. This ongoing economic challenge is reflected in their low opinion of the economy, widespread asset poverty, and ongoing Black/white economic inequality.

The best Black economy in generations isn’t enough when on the horizon is near never-ending inequality and insecurity. As the nation goes through a historic election that could have long-term ramifications on the country’s political direction, it is clear that African American voters continue to place economic issues at the core of their concerns, versus the social issues that often dominate the headlines.

This brief by the Center for Economic and Policy Research and the Joint Center for Political and Economic Studies highlights the reality of the African American economic condition and the leading concerns of the African American community. If the nation is to get past its history of racial inequality, it must build on the areas of recent progress for African Americans. Even as the country faces a backlash around issues titled “diversity, equity, and inclusion,” the reality is that without a strong, targeted approach to increase economic advancement for African Americans, Black people will continue to be economic second-class citizens. This brief explores this complex dynamic of economic advancement amidst continuing inequality, and how African Americans express a mix of economic pessimism, optimism, realism, and hope about their prospects in the U.S. economy.

Report Highlights:

The Strongest Black Economy

From 1972 to 2022, the annual Black unemployment rate averaged 11.6 percent. In 2023, it was 5.5 percent – about half the prior average and a record low rate.
In 2023, the annual Black unemployment rate was 1.7 times the white rate. The average from 1972 to 2022 was 2.1 times, showing a bridging of the Black/white unemployment gap that needs to be built on.
The Black annual prime-age employment rate is at a record high. For the first half of 2024, it has averaged 78 percent, slightly above the 77.6 percent for all of 2023.
Black median household income is at its highest point in a generation. Since 2011, Black median household income has grown from about $41,000 to almost $53,000 in 2022, a nearly 30 percent increase.
From 1959 to 1970, Black poverty declined from 55 percent to below 35 percent. The Black poverty rate stayed above 30 percent until 1994. The Black Official Poverty Measure (OPM) rate has been below 20 percent for the past four years.
Median Black wealth or net worth (assets minus debts) has reached a new high. In 2022, median Black household wealth reached nearly $45,000, more than double the post Great Recession low of about $17,000 seen in 2013.

Why Today’s Black Economy is Not Enough

In 2023, over 1.4 million more Black people would need to be working to match the employment rates of white people. This joblessness cost Black America roughly $60 billion.
Black median income is nearly $30,000 lower than the white median, and still below the white median income of 1972.
At about $45,000, Black median wealth keeps a large majority of African Americans substantially distant from the $190,000 estimated to be the lower limit of middle class wealth.
As noted in the 2023 report “Still A Dream: Over 500 Years to Black Economic Equality,” with all of the advances made since 1960, the nation is still moving at a glacial pace when it comes to bridging Black/white inequality. If the country continues at the current rate, it would take over 500 years to bridge Black/white income inequality, and nearly 800 years to bridge Black/white wealth inequality.

Empowering Communities Through Education: Crystal Shakur, Founder of Grateful Education Foundation

ddperry@dmpkc.com (DeMont Perry) — Tue, 24 Sep 2024 15:42:31 GMT

In the heart of Kansas City, Missouri, Crystal Shakur, the founder of the Grateful Education Foundation (GEF), is making waves with her passion for education and community service. Born and raised in Kansas City, Shakur's deep-rooted connection to her hometown and her family has been a driving force behind her life's work. With 11 siblings, a husband, two children, and five grandchildren, family and community have always been at the center of her world.

A Passion for Learning and Teaching

"I love education, and I love learning," Shakur shares with a warm smile. "Even as a kid, I played school with my siblings, always taking on the role of the teacher. It's a God-given inspiration and talent, and I believe I'm pretty good at it." Her journey from a proud Central High School graduate to pursuing a specialist degree in education has shaped her into the dedicated educator she is today.

Shakur’s passion for education and her natural ability to teach have not only benefited her students but have also led to the creation of the Grateful Education Foun-dation. "If someone's able to learn something and improve, that’s my blessing. That’s part of what inspired the Grateful Education Foundation," she explains.

Inspiration and Motivation Behind GEF

The idea for GEF was born out of Shakur’s experiences working in schools and witnessing the need for compre-hensive wraparound services that go beyond traditional education. "My motivation honestly was working in the schools and seeing a lot of the needs around not just the resources, but the education around those needs," Shakur says. "I wanted to change the narrative and help the community make better choices."

Her journey took a pivotal turn when she connected with a colleague who shared her vision. Encouraged to participate in the Center for Neighborhood Leadership courses, Shakur found the support and guidance she needed to bring her vision to life. "That was God’s work. There are no coincidences," she reflects.

Overcoming Challenges in Building GEF

Starting a nonprofit is no small feat, and Shakur candidly shares some of the challenges she faced. "In the begin-ning, it was challenging because I didn’t have a network or know about the available resources," she admits. Financial sustainability has also been a hurdle, as is often the case with nonprofits. "Leveraging sustainabil-ity has been a major focus. I also have a for-profit business in child development and academic tutoring, which I’m working to grow."

Despite these challenges, GEF has been able to secure grants that have allowed the foundation to sustain its monthly programs. "We’ve been blessed to receive grants every year, which has helped us keep a regular calendar of events like mental health awareness and gun safety," Shakur notes.

Collaborative Efforts and Partnerships

Shakur attributes much of GEF’s success to the collective efforts of her board and the strong partnerships she has built within the community. "Our vision is to provide educational supports—mental, social, emotional, and academic. The relationships we’ve built have truly sustained us and propelled us forward," she says.

Some of the key partners include the Neighborhoods Rising Fund under Community Capital Fund, the Missouri Afterschool Network, local businesses like MOVE Thrift Store, and organizations like Foxtown West Neighborhood Association. "I’m always looking for partnerships and ways to grow what we’re doing because teaching about entrepreneurship early will help change our community," Shakur adds.

Advice for Aspiring Entrepreneurs & Nonprofit Leaders

For those looking to start a nonprofit or a business, Shakur offers this advice: "First, do your research and educate yourself on the process. Secondly, build a founding board with the same vision and passion. Lastly, be willing to put in the hours—it’s still a business, and you have to do the work."

Looking Forward

As GEF continues to grow, Shakur envisions an even greater impact. "The big dream is to be an education center supporting our community, offering classes more frequently, and expanding our reach," she shares with enthusiasm.

For those interested in getting involved with the Grate-ful Education Foundation, Shakur encourages people to visit the foundation’s website at www.gefkc.org , follow them on social media, or give her a call directly at 816-510-2585.

A Message to the Community

Shakur leaves us with a powerful message: "We are truly inspired to support the African American commu-nity in particular. Everything that happens in life, even tragic or traumatizing events, doesn’t have to be our downfall. There’s always a way to grow and improve. I hope that’s what people gain from engaging with us. I’m grateful for this opportunity to let the people know we are here. So, come on and let’s change our community together."

Crystal Shakur’s work through the Grateful Education Foundation is a testament to the power of education, community, and perseverance. Her journey from a dedicated educator to a community leader serves as an inspiration to all who strive to make a difference.

Five Keys To The Success Of Black-Owned Businesses

Tue, 24 Sep 2024 15:28:03 GMT

America’s 3.12 million Black-owned businesses generate $206 billion in annual revenue and support 3.56 million U.S. jobs, according to a new Brookings Institute report entitled Black-Owned Businesses in U.S. Cities: The Challenges, Solutions, and Opportunities for Prosperity.

Many successful Black entrepreneurs are household names. Jay-Z, built upon his success as a hip-hop artist by launching commercial ventures, including Roca-Wear, a hip-hop clothing brand founded in 1999 with Damon Dash, his co-founder in Roc-A-Fella Records, and Roc Nation, a multi-disciplinary entertainment agency in 2008. Based on his business success, Jay-Z has achieved billionaire status.

Other moguls have parlayed their entertainment success into highly profitable business ventures. Oprah Winfrey (OWN Network) is worth an estimated $2.5 billion. Sean “P. Diddy” Combs runs Combs Enterprises, which oversees brands involved with spirits, entertainment, fashion, fragrance, marketing, and music. By 2019, he had an estimated net worth of $740 million. Grammy winner Rihanna founded Fenty Beauty, which raked in $570 million in profit in only 15 months after its launch. The company creates products for different skin types and tones. Cathy Hughes, founder and chairperson of Urban One, Inc, was the sales manager of Howard University’s radio station. She started working at a radio station in her hometown of Omaha, Nebraska and eventually purchased her own station in 1980. She is now one of the most successful Black businesswomen in the U.S.

Not every successful Black entrepreneur started in the entertainment industry, of course. Daymond John founded the street-smart, fashionable men’s apparel line FUBU (“For Us, By Us”) by converting have of his home into a factory. Robert Smith, founder and CEO of Vista Equity Partners, one of the world’s largest private equity firms, was listed by Forbes as one of “America’s Richest Self-Made Billionaires.”

What makes these people so successful?

1. Entrepreneurial Spirit: Black entrepreneurs, such as Jay-Z, Sean Combs, and Daymond John recognized the business opportunities associated with the hip hop music scene and expanded into various industries including other forms of entertainment, fashion, and beauty products. They seized opportunities in the same way that Madam C.J. Walker, America’s first self-made millionaire did by running her own cosmetics manufacturing company in the late 1800s.

This spirit has been fueled by a desire for economic empowerment and a determination to create opportunities for themselves and their communities. In his visit to the state of Milwaukee last December, U.S. President Joe Biden spoke on the importance of Black-owned businesses by saying, “Where Black small businesses go, everything benefits. The community benefits… and it gives hope and prospects for people.”

2. Technology and Social Media: Modern forms of communication, including Instagram, TikTok, and Facebook, have provided Black-owned businesses with platforms to market their products and services, reach wider audiences, and connect with customers globally. While many of the most popular social media platforms have helped Black-owned businesses, platforms specifically made for black audiences, such as Spill and Fan Base have similar interfaces to those of other social media outlets, but cater to Black audiences.

3. Supportive Ecosystems: In the 21st Century, and especially since the COVID lockdowns threatened the existence of countless businesses, there has been growing emphasis on supporting Black-owned firms in both the public and private sectors. The SBA is committed to supporting the development and growth of minority-owned small businesses and entrepreneurs from underserved communities. The federal agency does this through loan programs, counseling and training opportunities, contracting certifications, and business development programs. In the private sector, Simfoni is a firm that supports supplier diversity programs.

Danielle Fallon-O'Leary, contributor for the U.S. Chamber of Commerce, named 22 resources that Black-owned businesses can use to help them grow. Among the more notable ones is Black Owned Everything, a company that promotes other Black-owned businesses through its website and Instagram page with over 300k followers. Another is the Coalition to Back Black Businesses, which has provided over 1,400 Black small businesses with more than $14 million in grant money. These resources, along with many others, can be essential to the success of Black-owned businesses overall.

4. Consumer Awareness and Community Support: In recent years, consumers have more actively sought to patronize Black-owned businesses as a way to contribute to economic equality and empowerment. Support can come in various forms, including word-of-mouth referrals, community events, and collaborations with other businesses and organizations.

SCORE provides suggestions of ways to help support Black-businesses and organizations, including relationships with Black business owners and including them in social circles and community groups, as well as offering them advice and resources to help them succeed within the community.

5. Policy and Advocacy Efforts: Advocacy organizations and policymakers have been working to address systemic barriers that have historically impeded the success of Black-owned businesses. This includes advocating for policies that promote equitable access to capital, resources, and opportunities for Black entrepreneurs. For instance, the Black Business Association has been advocating for Black-owned businesses since 1970 and continues to provide them with networking opportunities, training, and financial support. Other similar advocacy groups include the National Black Chamber of Commerce, U.S. Black Chambers, Inc. and many others. The mission of the Main Street Alliance is to build a thriving, equitable economy.

Challenges

Despite progress, there still is a long way to go. While African Americans comprise approximately 14% of the U.S. population, only 2.3% are owners of employer firms. Significant challenges still hinder Black entrepreneurship today.

Racism: A study published by Intuit QuickBooks on Feb. 1, 2024, found that 44% of Black-owned businesses have turned away customers because of racially charged statements. Further, 45% say the fear of racial stereotypes almost stopped them from starting their business. Continued advocacy, education, community efforts, and even social media platforms can help Black business owners overcome the barriers to success due to racism.

Access to Capital: Another study by Intuit QuickBooks showed that in 2022, roughly 57% of Black-owned businesses were denied loans from a bank when they first started their business, a figure significantly higher than the 37% of non-Black business owners who were denied loans during that same period. The study also found that on average, starting a business cost $5,000 more for Black business owners than non-Black business owners.

The Biden Administration put support of minority businesses among its priorities. For instance, The Small Business Community Navigators Pilot Program provided $100 million in funding to 51 organizations, including U.S. Black Chambers of Commerce and the National Urban League, which worked with local groups to connect entrepreneurs to resources to help their small businesses recover and thrive.

Biden claims credit for the largest-ever direct federal investment in small business incubators and accelerators; the Minority Business Development Agency (MBDA) Capital Readiness Program awarded 43 non-profit community-based organizations $125 million in funding to support underserved entrepreneurs launch and scale their small businesses.

Additionally, the SBA delivered $50 billion to small businesses in Fiscal Year 2023, with major increases in support for underserved businesses, including Black-owned businesses. Since 2020, the share of the SBA’s loan portfolio going to minority-owned businesses has increased from 23% to over 32%. The number and dollar value of SBA-backed loans to Black-owned businesses has more than doubled since 2020. This is vital support at a time when more than 80% of small business loan applications are being rejected by big banks.

The success of Black-owned businesses hinges on a combination of innovation, community engagement, and strategic adaptability. Embracing technological advancements and leveraging online platforms for marketing and sales can enhance visibility and accessibility. Cultivating strong networks within the community and fostering partnerships can amplify support and create a sustainable customer base. Success in the 21st century for Black-owned businesses involves a blend of expanding access to capital, embracing technology, fostering community connections, and upholding values that promote the economic growth of Black businesses.

African-Americans’ Concept of Health May Be More Than Physical

Tue, 24 Sep 2024 15:01:05 GMT

The social support afforded by those of various faith based communities directly impact the self-rated and physical health of some African Americans, according to a study that examined the congregations of 74 members of the three Abrahamic faiths (Christianity, Islam, and Judaism) // By Health Behavior News Service

Researchers suggest that social support afforded by faith based communities and differing perceptions of health status may explain the discrepancy in self-rated and physical health among African-Americans.

Self-rated health—or a person’s perception of their own health—has been shown to be a strong predictor of illness and even death. A new study in the journal Ethnicity and Disease finds that African-Americans with poorer self-rated health tend to be overweight or obese, engage in less physical activity, and have poorer diets.

But another, unexpected finding is that many African-Americans with serious chronic health problems rate their health as good or even excellent.

“Self-rated health hasn’t been studied very much in African Americans,” lead study author Meghan Baruth, Ph.D., of the University of South Carolina explained. “We wanted to see what factors—both disease-related and people’s behaviors—are associated with self-rated health in this population,” she says.

Baruth’s study analyzed data from over 1,200 participants in the Faith, Activity and Nutrition program, a 15-month program that promoted healthy behaviors such as physical exercise and healthy eating choices in the 74 African American participants.

Baruth found that African-Americans who rated their health highly were less likely to have diabetes, hypertension, high cholesterol, arthritis, or obesity. Participants with higher self-rated health were also more likely to be physically active and to eat less fat and more fiber. They also reported lower levels of stress.

Surprisingly, many participants still rated their health highly despite having a high number of chronic health conditions. “A lot of people had hypertension and obesity, and they really didn’t engage in healthy behaviors, but they still rated their own health as good to excellent,” Baruth says.

One explanation might be the benefits of religious services attendance, study authors speculated. “Our follow-up analysis found that those who had higher attendance also had higher self-rated health,” Baruth said. Having larger social networks and support from regular religious services attendance may negate the influence of poor health and unhealthy behaviors, the authors said.

Winston Wong, M.D., director of Disparities Improvement and Quality Initiatives at Kaiser Permanente, who is not associated with the study, suggested that this unexpected finding might also reflect what’s considered “healthy” in the African-American community.

“For example, high blood pressure may be regarded as a ‘normal’ part of the aging process. Since it commonly has very few symptoms, individuals may perceive their health as relatively good, even though their blood pressure may be untreated or insufficiently controlled,” he said.

Since the norm for “average” health might include many people with serious chronic conditions, study participants who rated their health as “poor” may have an especially pronounced risk of poor health outcomes, he explained.

Nevertheless, the study suggests, “The importance of emotional, psychological and spiritual health … can have as much relevance to individuals as physiologic measures of health or the diagnosis of a medical condition,” Wong said.

Pathway Financial Education Offers Free Courses to Kansas City Residents

Tue, 24 Sep 2024 14:49:41 GMT

The Current State of Black Financial Literacy

Pathway Financial Education, a community organization providing various free programs that teach Kansas City residents how to secure financial stability.

Financial literacy is the ability to understand financial management, budgeting and investing. LaTasha Jacobs, executive director of Pathway Financial Education, is a Kansas City resident and community leader dedicated to closing the racial wealth gap. Within the past three years, the racial gap has grown. Education is one of the top determinants of that growth.

“It's due to lack of [financial] education, understanding and access to resources,” Jacobs said. “With Pathway Financial Education, we are able to bridge that gap as much as we can and offer the basics when it comes to personal finances or your business.” We offer resources, mentorships and access to wealth managers or different finance experts in various industries to support that.

— LaTasha Jacobs

The different programs that the organization offers are specifically directed toward small business owners and high school students, and there is also an adult program. The youth program is an innovative approach to educating high school students on how to manage debt and student loans. An element of the program is Career Keys. This segment teaches students career mapping, turning their passions into careers and healthy spending lifestyles. Additionally, the organization is working on a summer camp program for youth with Operation Breakthrough, a nonprofit organization dedicated to providing quality care to children living in poverty. “The biggest passion that I have is educating the youth because we can curb some of the mistakes that many young adults make,” Jacobs said. “We can change that by starting the conversation early and planting the seeds early by providing resources available to them.”

Other opportunities include the personal finance for Adult and Small Business programs, where participants take part in different workshops and gain mentorship from industry experts. When it comes to the Small Business program, they help aspiring business owners decide if entrepreneurship is the right choice, if there's a need within the industry they’re looking to impact and how to navigate business expenses to build sustainable businesses.

“I think that there is a misunderstanding of the resources available. All of our programs are at no cost to participants,” Jacobs said. “Breaking or changing a participant’s negative mindset around finances is our biggest hurdle as an organization.”

In addition to its programs, the organization offers various online events including homeownership training, estate planning and credit repair workshops. Since the classes are virtual, anyone from any part of the U.S. can join. If a community member does not have access to a digital device, they can take the class in person.

The organization is working with LISC KC to develop a partnership. Other existing partnerships include the Greater Kansas City Chamber of Commerce, the Heartland Black Chamber of Commerce and Great Jobs KC, formerly known as Kansas City Scholars.

Through Pathway Financial Education, Jacobs anticipates more small businesses growing and more individuals maintaining financial security for the betterment of the community. “A lot of that is going to come from financial education,” Jacobs said. “We can't avoid everything, but if we are aware of the resources that we have available and how we can manage those resources, I do believe that we can turn the tide for Kansas City residents,” Jacobs said. If you need assistance with budgeting, financial debt, credit or money management, please visit pathwayeducation.org/ or walk-in during its office hours.

6 Reasons Entrepreneurs of Color Need a Small Business Mentor

Wed, 10 Jul 2024 01:34:40 GMT

Where does America’s entrepreneurial spirit lie? If you’re picturing a white guy in Silicon Valley, you’re way off base. African-American women are 300% more likely to launch a new business than a white person, and Latinas are 180% more likely – but both groups are also more likely to fail. Part of the reason? Many female entrepreneurs and entrepreneurs of color say they lack mentors. The U.S. Small Business Administration says half of all new businesses fail within five years. But for business owners with a mentor, the difference is striking: 70% thrive with revenues increasing an average of 20% each year. This is why having an advisor or mentor is crucial.

Mentors Can Help You Focus Your Ideas

Many business owners began their companies after pursu-ing their skills and passions: be it designing jewelry, curat-ing a shop, opening a restaurant, even starting a salon. Then they start wearing all of the hats: CEO, marketing, supply chain, and sales.

Lila Owens launched Cupcakin’ Bakeshop in her Berkeley, California home in 2007. Cupcakin’ began to grow and Lila relocated to a nearby storefront. The success happened fast, and Lila had a lot on her plate, so she went in search of a mentor to figure out the best ways to scale her operations to manage this growth. Lila came across a nonprofit called BusinessAdvising.org and they paired her with Rob-ert Bonner, a business consultant based in New Jersey who specializes in operations. Over a series of months, he and Lila walked through how to scale and streamline her operations while maximizing her budget.

Lila says, “Robert has played a key role in grounding me and ensuring I’m analyzing things, and critically thinking about ideas and strategies before chasing pipe dreams.” Lila says she feels like she is on the right path to achieve her long-term goals. “Working with a mentor like Robert has been super instrumental in our growth - absolutely amazing.”

Mentors Act As A Sounding Board

Most small business owners realize early on that to be successful they have to surround themselves with people they trust, with complementary skills and knowledge they can bounce ideas off of.

“We manufacture locally, and wanted to increase our revenue through more effective marketing and a better-thought-out business strategy,” says Johnny Travis of San Francisco clothing company FAZE Apparel. “It’s not something we’d ever done before, so we worked with a mentor, a marketing CEO named Joe Cain, who suggested we use some of our supporters’ photos in our Facebook ad campaigns. It was a great idea and gave our supporters an incentive to share photos featuring our clothing. It really strengthened our brand and increased our website traffic by at least 30%.”

While surrounding yourself with the right people can mean the people you hire, in many situations your employees might not feel comfortable giving you critical feedback or questioning your ideas. But a mentor can call you on it, as they have no financial relationship with you.

Mentors Can Help You Navigate A New Area

“I’m a long-time entrepreneur,” says Reign Free of Red Door Catering. Red Door is a business that supports local businesses. They work with local farmers and producers to gather organic, seasonal ingredients. Chef Reign herself has been in the kitchen since she was nine, seated on a stool beside her mother cooking traditional West Indian dishes for her family.

The actual day-to-day needs of growing your business are beyond the skills of any one person. For example, you may have made a name for yourself at farmers’ markets or popups. But now that you’re ready to open a storefront, how do you write a business plan? Navigate city permitting? And who has the time for all this?

Chef Reign was chosen to cater Super Bowl 50’s VIP Tail-gate, and during that time had the opportunity to work with mentors from local nonprofits that support supplier diversity programs. One of those nonprofits, Pacific Community Ventures, paired her with advisor Mike Hannigan, founder of Give Something Back, who helped assess the company’s financial performance, and offered advice on their operations.

“Red Door is my second business, and I’ve been at it for 10 years. My company is doing something right because the business is growing and we have great reviews and a good record of maintaining clients. But as we’re growing, I see the need for more strategic planning in areas like sustainable growth. This is where I think a mentor helps me.”

Mentors Have Been There Before

Having smart advisers is essential for any business owner, but it’s doubly true for minority business owners navigating challenges that others in their communities may not have faced before.

Krystell Guzman is the founder of La Plazita Preschool in Oakland, California. They’re a Spanish immersion preschool where the teachers themselves are immigrants who have degrees from their home countries, and the preschool helps them get their degrees transferred to the U.S. La Plazita’s first location quickly became successful, but when it came time to expand Krystell realized she needed some help to navigate that growth and success.

She also met her first mentor, Alina Ball, a corporate governance expert from UC Hastings College of Law, through BusinessAdvising.org. “When you have a small business, you’re really entrenched in what you’re doing on a daily basis,” Krystell says. “For us to take away from that to dive into concepts that are beyond our expertise, like law, is hard. Working with a mentor was amazing, and let us open up a whole new aspect of our business.”

Since she started working with a mentor two years ago, Krystell’s opened two new locations, has a total of 31 new employees working full time, and over 150 students enrolled across the schools. Her mentor even helped her to successfully apply for a state tax credit for creating jobs in California.

Mentors Can Open Doors

People of color in business face the same challenges as all entrepreneurs, such as a lack of affordable funding. But they also have to contend with social and structural obstacles as well: lack of role models in high-level business positions, and a harder time finding good professional partners in the community. This all adds up to business owners of color not getting as many crucial introductions, as much leeway on their loan applications, etc.

Towanda Scott owns Staffwear2, a provider of corporate, event, and venue apparel in McDonough, Georgia. She’s been in the industry for over 20 years, but needed some additional advice on her long-term financial strategy.

She began working with a mentor, John Poelker, Founder of Poelker Consulting, who among other things introduced her to a new accounting firm that gave her insights into her finances and firmed up her operational picture, letting her scale. Towanda says, “I love that my mentor seems totally invested in our company, results, and process. We’ve implemented several of his suggestions and look forward to his continued mentorship.”

Mentors Can Get You Capital-Ready

Every day, 8,000 small business loan requests are declined by banks across the nation. Even though people of color start businesses at rates higher than any other group, they are three-times as likely to be turned down by a bank.

Fernando Diaz of Proyecto Diaz Coffee in San Leandro, California, is from a four-generation coffee-growing family, going back to his grandfather’s farm in Oaxaca, Mexico. He started his own business roasting these coffee beans on a shared roaster, which was limiting his growth. He needed funding, but was turned down by banks and didn’t qualify for SBA loans. He was working with a mentor, Erica Lawler of EmPower Media group, on his marketing plan, who recommended he go to a CDFI. He did, and was quickly approved. Fernando secured equipment and space to double the amount of coffee he roasts and sells each day.

Fernando is open to hiring anyone, but he believes because of his unique understanding of Latino culture he can offer a lot to this specific demographic — allowing them to explore and work the different coffee sectors; from roasting to marketing to management. He wants his company to be a springboard. “There are people in the community interested in developing skills,” he says. “They can work here, make a career here.”

Find Or Become A Mentor

Small businesses as a whole create better jobs, keep more money in local communities, and drive the social and eco-nomic health of our entire country. But they face so many challenges: a harder time accessing capital, less favorable distributor and wholesale pricing than big companies, and an uneven playing field against online mega retailers.

So how can you help? If you’ve built up a body of experience, volunteer your time as a mentor or advisor. And tip off a small business owner you’d like to support to the value of mentoring through a platform like ours. If you’re an entrepreneur yourself, find your mentor today.

Email: info@theblackmastermindgroup.com

Phone: (913) 371-0302 | (913) 675-5913 | (844) 730-4094

Website: www.theblackmastermindgroup.com

NASB is Helping Potential Home Buyers Achieve their Goal of Home Ownership with their DREAM POSSIBLE Home Loan

Wed, 10 Jul 2024 01:29:08 GMT

North American Savings Bank (NASB), a full-service, community bank headquartered in Kansas City, MO launched its new Dream Possible Home Loan in June in conjunction with National Home Ownership Month. This unique program provides eligible buyers up to $6,500 off their home purchase or refinance through closing cost or down payment assistance and waives the bank’s origina-tion fee. *

How did NASB develop their new Dream Possible Home Loan?

When considering our new loan product, we listened to our community and focused on ways to help remove barriers that were keeping potential home buyers and existing homeowners on the sidelines, things like saving for a down payment or closing costs. We want to see our community thrive and prosper through home ownership. This is why the Dream Possible Home Loan program’s eligibility is fo-cused on Greater Kansas City area counties and qualified either based on income level or census tract. * Home own-ership is more than just a roof over your head. It provides confidence, stability, builds equity and can be a great tool to expand personal and generational wealth.

What are the most significant barriers to homeownership in today’s market?

High interest rates are the most significant barrier everyone thinks of right now. But it’s more than rates. Escalating costs of everyday items like food, gas, and housing have chipped away at people’s paychecks, decreasing the amount of money they have available to put into savings for a down payment or closing costs. We’re starting to see less of the ultra-competitive, multiple above-asking price offers we saw during 2020-2022, but competition still exists, espe-cially at the price points that are affordable to most people. I wouldn’t let that discourage anyone though. A good realtor who knows how to work with you and your lender can be an asset on your side.

In what other ways does NASB help the Greater Kansas City community achieve their home ownership goals?

NASB is a strong community partner working with organizations throughout the city to provide financial education to those dreaming of buying a home. By listening to the challenges our perspective home buyers share, we are able to help dispel common misconceptions on the home buying process and better assist and educate our community and real estate partners on how they can help the individuals they serve overcome barriers that may currently stand in their way.

What do you think the housing market might look like in the future?

Given the shortage of single-family homes in the country, the cost of building materials, and strict builder regulations, it’s anticipated that the housing market might take several years to catch up to the current demand. Meanwhile, the nationwide average cost of homes is expected to continue to increase year-over-year, albeit slower than we’ve seen the last couple of years. All of this to say, it’s imperative that we reach out to our community partners who have pro-grams and services that help future home buyers so we can spread the news about NASB’s Dream Possible Home Loan and share educational training where the opportunities present themselves.

For more information about NASB’s Dream Possible Home Loan or how NASB can help you with a home loan, visit nasb.com/dream or call Beverly Smith, CRA Loan Officer, NMLS ID# 544213 directly at (816) 508-2102.

*To qualify, the subject must be located in a qualifying county (Buchanan, Cass, Clay, Jackson, Lafayette or Platter in Missouri; and Johnson or Wyandotte in Kansas) and either applicant income level must be less than 80% of the Area Median Income or the property must be located in a ‘low’ or ‘moderate’ income census tract. The Dream Possible Home Loan is not available for all products or loan types. This program is not eligible on portfolio products. The program benefit in the form of down payment assistance is available only for conventional conforming purchase loans on a primary residence qualified by the applicant’s income level. Closing cost assistance provided may not exceed actual closing cost. Eligibility for the Dream Possible Home Loan is separate from loan approval, which is still required.

Black Wellness: Mental Health For The Black Community

Wed, 10 Jul 2024 01:17:53 GMT

There are barriers for many people to get mental health help, but each are unique difficulties that require special-ized solving. What are the barrier that prevent Blacks from getting help?

Limited Access To Treatment

Less than half of all Black Americans with a mental disorder get the treatment that they need.

Burdens of Single Motherhood

30% of Black families led by single mothers compared to 9% of white families

More Likely to Consider Suicide

Suicide is the third leading cause of death among African Americans ages 15 to 24.

What are the roadblocks for Black Communities?

Financial Cost

Mental health services can be expensive, and the wait for

actual results is long. For many African Americans, mental health help is too costly to afford.

Lack of Representation In Providers

The lack of Black Mental Health Support and brown therapists hinders many African Americans from seeking treatment, as many do not believe that a white therapist will understand their situation. But many people, not just blacks, feel more comfortable around others of the same ethnicity, trusting that they share similar experiences.

Consistency In Making Time For Services

For every community, time is a significant barrier. However, Black Americans have the highest rate of single-parent households among all ethnicities. As a result, finding extra time to seek clinical help is difficult when you are busy with work, parenting, and your own mental-emotional health. Growing up, Black children can sometimes lack the mental and emotional support they need.

Less Than 2% of Psychologists are Black

As defined by members of American Psychological Association.

Historical Institutional Mistrust

Mistreatment, experimentation, and discrimination in the healthcare system that can make black people wary of seeking behavioral or mental health services. Many black Americans living in urban or low-income areas have unre-solved childhood traumas that go on unchecked for years or even a lifetime. Mental Illness can present as aggres-sion, mood swings, paranoia, and PTSD. Many black children are observed to have hyper behaviors when they are actually under or undiagnosed for learning differences or mood disorders.

The belief that seeking mental health help is something to be ashamed of or that it reflects poorly on one’s family or community.

What Black Americans Are Doing to Heal

All humans have mental health needs, but many minority races, like African Americans, have unique circumstances not taken into consideration before. Recently however, many brave souls have been stepping out, to talk about their mental health needs to raise social emotional awareness.

Addressing the Needs of the Population

The whole-person well-being of black men, women, and children has gained mainstream attention following events in recent years. As a result, black men and women have begun to engage more in emotional wellness discussions virtually or in person without feeling ostracized. You can shape the narrative by talking openly about emotional wellness.

Help Communities Embrace Help

When Black people need behavioral healthcare, seeking social support from friends and family can help them cope with stress. In 2023, there has been a reduction in stigmas and increased use of emotional wellness tools. Remember, to maintain long-lasting mental and emotional balance, these self-care activities like community get-togethers, dances, celebrations, and other healthy activities are great ways to heal together.

Breaking Barriers To Financial Success: The Power of Black Financial Literacy

Wed, 10 Jul 2024 01:03:56 GMT

The Current State of Black Financial Literacy

To manage your finances, a sound, effective, and thorough understanding of finance, which we call financial literacy, is crucial. People should know how to manage their debts and save money. African Americans play a vital role in the eco-nomic establishment of the United States, but compared to their white counterparts, they still lag in financial literacy skills and wellness. Financial literacy is one of the main reasons behind this complex gap. Financial literacy and financial wellness are tightly intertwined, especially among African Americans.

One of the latest studies on the Personal Finance Index (P-Fin Index) conducted by GFLEC and TIAA Institute provides new insights into Black financial literacy.

The 2023 TIAA Institute-GFLEC Personal Finance Index (P-Fin Index), released in January, offers essential perspectives on the health of Americans’ finances following a year of record-high inflation along multiple dimensions.

The P-Fin Index is a yearly indicator of adult Americans’ financial literacy. It is exceptional in generating a reliable indicator of general financial literacy and a detailed study of personal finance knowledge across eight functional domains.

Significantly, statistics on the P-Fin Index are accessible across a range of demographic groups.

There are eight areas on which the P-Fin Index study is based:

Earning- factors that affect salaries and take-home earnings.
Consuming- budgets and money management.
Insuring- coverage options and how insurance operates.
Saving- determinants that maximize accumulations.
Investing- Types of investments, risk, and return.
Borrowing & Managing Debt- the connection between loan characteristics and repayments.
Go-to information sources- discerning reliable sources and guidance.
Comprehending risk and uncertainty- recognizing unpredictable financial results.

Key Insights

Only 34% of the answers were correct for African Americans compared to 53% for white people.
Men, older people, those with more formal education, and people with higher salaries are more financially literate in the community of African Americans than younger people.
Their best score was in borrowing and managing debt.
The least understood aspect of personal finance among African Americans is insurance, followed closely by understanding risk, investing, and recognizing reliable information sources.
Insuring and understanding a troubling part of financial literacy.
In 2019, before COVID-19 and its economic effects, African Americans were more likely than whites to lack financial resilience.
Functional financial literacy saves people from rainy days or debts Demographic differences also contribute to the gap between the two parties. People with good formal education, high incomes, and sound financial education tend to have a high financial literacy rate.

This study also emphasizes the need for proper financial education to increase the literacy rate by including such kind of topics as ensuring or understanding the risk on which the literacy rate is shallow. This will automatically lead to the financial wellness of a society.

Given the differences in financial literacy resources among African Americans outlined in this research and the financial literacy gap between African Americans and Whites, it is crucial for efforts to address the needs of specific demographic groupings effectively. This involves intensifying initiatives to promote financial literacy in the classroom and at work. Additionally, it is crucial to offer programs focusing on subjects like insurance and risk and uncertainty comprehension, where financial literacy is particularly poor.

The Need for More African American Personal Finance Professionals:

The role of black financial advisors dramatically impacts financial literacy in the United States. Although many companies have Black financial advisors working for the fulfillment of financial literacy among African-American still, the employment ratio of black advisors is estimated to be round 5.6% in the United States, based on Zippia’s data. It’s unbelievable!

A Closer Look At The Race Gap

The financial literacy gap between white and black Ameri-cans is not entirely dependent upon the two communities; it is related to various demographics in the population of adults. This gap is lower among young females who are more educated than females with less formal education.

Washington DC Financial Wealth Report

The report on the financial wealth gap in DC finds that black people are seven times more unemployed than white people, even though they are active workers, not because they are incompetent but because of racism. It points to when there was slavery in DC, and all the lower-paid jobs were given to black people. Nowadays, this led to a racial crisis in many employment-related metrics, which includes many benefits and opportunities to grow personal wealth for a black family.

The main points were:

Black men can face many difficulties in finding a good job.
White entrepreneurs have access to valuable re-sources and excel in their businesses, but black entrepreneurs face many difficulties.
They also don’t have more paid leaves, health insurance, and retirement benefits than white people.

What Is Financial Literacy, And How Can It Empower The Black Community

Financial literacy refers to the knowledge, skills, and under-standing of personal finance concepts and practices that allow individuals to make informed and effective financial decisions. It encompasses various aspects, including budgeting, saving, investing, managing debt, understanding financial products, and making sound financial plans for the future.

Empowering the black community through financial literacy programs is crucial, and here are five ways they can empower the community:

1. Economic Stability & Wealth Creation

Financial literacy gives individuals the tools and knowledge needed to achieve economic stability. It helps them develop healthy financial habits, manage resources effectively, and make informed income, expenses, and investment decisions. The black community can build a strong foundation for long-term economic security by improving financial literacy.

Financial literacy is also a key driver of wealth creation. It equips individuals with the financial capability and the knowledge to navigate investment opportunities, under-stand the power of compound interest, and make informed decisions to grow their assets. By empowering the black community with financial literacy, individuals can accumulate wealth, create generational prosperity, and narrow the wealth gap.

2. Overcoming Historical Disadvantages

The black community has historically faced systemic barriers and disparities in access to resources and opportunities. Financial knowledge can serve as a tool to overcome these disadvantages by providing individuals with the knowledge and skills to navigate complex financial environments and systems, access capital, and create economic opportunities.

3. Financial Resilience

Financial literacy is critical in building resilience and preparedness for economic challenges. It helps individuals under-stand the importance of emergency funds, insurance coverage, and risk management strategies. By being financially literate, the black community can better withstand unexpected expenses, economic downturns, or other financial setbacks, helping them improve their financial well-being.

4. Entrepreneurship And Business Ownership

Financial literacy is also essential for aspiring entrepreneurs and business owners. It helps individuals understand business finances, develop effective business plans, access financing, and through financial decision-making, make informed decisions that contribute to the success and growth of their ventures. Promoting financial literacy allows the black community to foster entrepreneurship and business ownership, creating economic opportunities and wealth.

5. Closing The Wealth Gap

The wealth gap between white and black Americans is significant. According to research from the Institute on Asset and Social Policy at Brandeis University, the median net worth of a single black household in 2016 was only $3,500, compared to $142,000 for a single white household. This discrepancy can largely be attributed to unequal access to financial resources. Financial literacy can help close this gap by giving African Americans the information they need to make smart financial decisions and build wealth.

According to many surveys conducted in the United States, white families are almost six times wealthier than black families. Also, the median black family income is $45,200, but being white has the privilege of having a salary of $142,500, almost three times greater than the black median FAMILY income. For black people to recover from this re-cession, financial literacy is critical! Being financially literate and empowered is the only way African Americans will be-come more economically stable to narrow the generational wealth gap.

Economic mobility among African Americans is observed to be very low in comparison to their white counterparts, regardless of their family status or no marriage or single-parent household. This review was conducted by Census Bureau race data in 2018.

The paper suggests that black Americans can face very high incarceration rates and have less ability to access high education than white Americans, which is the reason for lower economic mobility. The ratio of black dropouts in high school, lower attendance rates, and quality occupations are also lacking compared to white people.

TIAA (Teachers Insurance And Annuity Association)

Financial literacy and having a sense of wellness among African Americans indicates the new insight from the per-sonal report saying that Black Americans have 34% of per-sonal finance education compared to White Americans have 53%, which tells us about a tremendous wealth gap between communities. They further say that:

“African Americans make up 14.2% of the US population, and hence a critical part of the economy depends on them.”

Regardless of the economic gap, Surya Kolluri, the head of TIAA Institute, said in a press report that having no literacy gap between White and Black People is very important to highlight the challenges and issues to make a better economy of our country.

With increased financial literacy, African Americans could have more knowledge of basic concepts like investing, budgeting, credit building, retirement planning, and debt repayment, which will help them avoid financial pitfalls and set them up for success in the future. Through sound in-vestment practices such as diversifying their portfolios or taking advantage of employer-sponsored retirement plans or tax breaks for college savings plans (like 529s), African Americans can put their money to work for them to increase their wealth over time. Financial literacy also allows African Americans to access other available opportunities, such as government assistance, that may go unnoticed if they lack knowledge about how such programs operate.

By improving their understanding of finance through financial literacy education and training, African Americans can gain control of their money and work towards closing the racial wealth gap. Ensuring people understand financing concepts can help ensure everyone has equal access to opportunities regardless of race or economic status.

Strategies To Promote Financial Literacy Among African Americans

To empower the Black community through financial literacy and debt management, several strategies can be implemented:

Comprehensive Financial Education

Implementing comprehensive and culturally relevant financial education programs that cover a wide range of topics, including budgeting, saving, investing, and entrepreneurship, can equip individuals with the knowledge and skills they need to make informed financial decisions.

Representation And Role Models

Increasing the representation of black professionals in the financial industry, including financial advisors and experts, can provide role models and mentors who understand the specific challenges the black community faces. This representation can inspire and guide individuals in their financial journeys.

Access To Resources And Services

Ensuring equitable access to financial resources, such as affordable banking services, credit, and investment opportunities, is crucial for empowering the black community. Efforts should be made to address systemic barriers and promote financial inclusion.

Collaborative Partnerships

Collaboration among government agencies, educational institutions, community organizations, and financial institutions can help develop and implement initiatives that pro-mote financial literacy and economic empowerment in the black community. These stakeholders can leverage re-sources, share best practices, and reach a wider audience by working together.

Closing Thoughts On The Power Of Financial

Education For African Americans

It’s not essential to move out of the financial crisis at once, but if you set up a plan for your betterment and stick to it, it will surely take you somewhere out of the crisis.

Saving money and thinking about retirement is the best way for black Americans to turn this ship around. Also, ac-cording to a national survey, if an emergency occurs right now, most families don’t even have $400 to get through the situation. I imagine this was made worse by the coronavirus pandemic. The only solution is to save money for our families.

The Black MasterMind Group’s Business Incubator Set to Open Soon

Fri, 03 May 2024 07:29:57 GMT

The program will provide support, tools, and mentorship to help entrepreneurs launch and build their businesses.

Coming soon, the Black MasterMind Group is adding an additional support program for entrepreneurs – an onsite business incubator.

Last year, the organization was awarded a $1.4 million grant from the Kansas Dept. of Commerce. Proceeds from the award enabled the Black MasterMind Group to purchase the strip mall, located at 1121 N. 5th St., in Kansas City, Kan. “We own the building free and clear,” says Black MasterMind Group founder, Dr. Donnetta Watson.

When construction is complete, the 25,000 square foot building will house the incubator program, Black MasterMind Group offices, classrooms, workspaces and multiple new businesses that will include:

Space for sixteen businesses
Six food businesses
A hair salon
A nail salon
An event rental equipment business
A mail drop, print and copy center
A black beauty supply store
A recording studio
A bar and lounge
Four additional spaces for local businesses

“Graduates from The Black MasterMind Group BootCamp Program will run the businesses within the incubator,” Watson explains. “They will take what they have learned in the classroom, and immediately go to work establishing their businesses. Transition into the incubator will be part of the graduation process.”

The current class is scheduled to graduate June 16 at The Summit of The Black MasterMinds 3-day Conference and Graduation Event, in Kansas City, where Dr. George C Fraser will be the keynote speaker.

What the business incubator will offer.

Students will run their businesses in the program for three years – the startup phase. During this time, they will work with mentors to establish, market, promote, and prepare to launch the business into the community.

Here is how it will work:

Each business owner will be assigned to a mentor, who will work with them for the three-year term. The mentor will provide oversight, counsel, and support, to ensure that the owner makes sound decisions, and stays on track with established business goals and strategies.

For a business to grow, owners must be able to secure funding. Watson says too many Black entrepreneurs are operating “hookups, hustles and hobbies” instead of businesses. “If owners can’t secure funding, they are not setting the business up to succeed long-term.”

Pursuing proper funding requires education, knowledge, and access. This is a strong focus area for The Black MasterMind Group. They have partnered with local banks and other entities who fund small businesses.

They are now their own KIVA Microloan Fund for businesses who complete the BootCamp program across the nation. They are partners with Alt-Cap, Arvest Bank, BMO Bank, Empower Loan Fund, and First Merchant Financial Services — all to ensure capital access is available for Black entrepreneurs.

The plan is to create more sustainable Black businesses.

At the end of three years, all these businesses will be prepared and positioned to launch into the community. Watson says she can’t wait for the multiple business launches that will occur. “We will send them out into the community with everything they need to operate thriving and growing businesses.”

These businesses will have a strong customer base, proven product demand, and a profitable business which can access capital.

The Black MasterMind Group team will continue to provide ongoing counsel and support for these and other small businesses.

To learn more about The Black MasterMind Group programs and services, visit theblackmastermindgroup.com , or connect on social media.

Facebook – The National Black MasterMind Group

Instagram – The National Black MasterMind Group

About the Black MasterMind Group

The Black MasterMind Group is designed to create strategies that start, stabilize, sustain, and scale businesses in the Black entrepreneurial community. The Black MasterMind Group educates, trains, coaches, and mentors Black entrepreneurs to create fundable, sustainable business models in urban core areas across America. We teach entrepreneurial financial literacy and business strategies that help the Black entrepreneurial community access capital.

Commerce’s Community Outreach and Banking Officer Puts the Emphasis On “COMMUNITY.”

Fri, 03 May 2024 07:28:00 GMT

If you’re fortunate enough to meet Jureau Bowman, it doesn’t take long to recognize that she’s an ideal fit for her role as Commerce Bank’s community outreach and banking officer. In this role, Bowman helps the bank connect with people and community organizations in underserved communities, where residents may struggle with financial issues and don’t utilize banking services. She helps people by showing how Commerce can help them become more financially stable, start building credit and establish a healthy financial future.

Bowman’s warmth, personable style and passion are immediately apparent, and it’s clear that these qualities serve her well in her position. “This job resonates with me personally and professionally,” she says. “I’ve been in the same financial position as many of the people I work with in the community, and I want to help them find their pathway out of that.”

Bowman says that earlier in her professional career, she often would struggle to pay bills despite holding two jobs — at a casino and a bank — while also attending college to become a paralegal. After earning her degree, Bowman sought work as a paralegal but struggled to get connected with most local law firms, eventually finding a position at a firm in Kansas that handled collections.

“That was difficult for me,” Bowman says. “I was barely paying my own bills, so I was sympathetic when talking to people. I’d tell them, ‘Even if you can only send a dollar, let’s start there and get you going.’ The work weighed heavily on my heart.” It weighed so heavily, in fact, that she soon returned to working at the casino and again sought out a banking job — and that’s when she began her career at Commerce.

It was during this period that Bowman decided to work on getting her own finances in order. She began by putting $300 into a savings account, and she built from there. She was also named a lead teller at Commerce’s branch on Troost Avenue, in an area of Kansas City that is underserved in many ways.

“That’s when I noticed a lot of customers were like I had been,” she says. “They cashed their paychecks and took it all with them, never putting anything into a checking or savings account. I’d start talking to them and would try to help them.”

Bowman continued having these kinds of conversations with customers when she later became a financial services representative, and eventually the branch manager at Commerce’s Troost location. “I’d talk to people about building credit and saving money, and I loved it. I’d hold seminars at my church about financial literacy. It became a song I was singing all the time.”

At this time, Bowman also began getting more formally involved in community organizations. She joined the board of the Urban Financial Services Coalition (UFSC) of Greater Kansas City, whose mission is to enhance the representation of minorities in the financial services industry and promote access to financial services for lower-income communities.

She also joined the boards of the Southtown Council, which works to create economic development and growth in the Southtown area of Kansas City, and the Troost Avenue Community Improvement District (CID), which aims to keep the neighborhood around Troost Avenue safe, clean and thriving.

“Both Southtown and the Troost Avenue CID had a goal of helping small businesses and individuals with their finances,” Bowman notes. “I started getting out in the community and meeting small business owners. Many said nobody had ever come talk to them before. Suddenly we were doing a lot of work with small businesses at the Commerce branch on Troost.”

Bowman was so invested in the work she was doing in the community that when Commerce offered her a position at a different branch, she turned it down, even though she thought the move would be good for her career. “I wanted to keep building what we were building,” she says. “People in that neighborhood needed me to stay.” While Bowman was committed to providing needed advice to her

customers around the Troost branch, she was aware that the needs of the underserved were not unique to this neighborhood. When the community outreach opportunity became available, she jumped at the chance to take what she’d experienced and spread that knowledge to similar communities throughout the Commerce footprint.

Today, Bowman is a board member for several community organizations and sits on the trustee board of her church. She’s particularly proud of the work she does with the Troost Avenue CID. “There are a lot of underserved people in this area, and the CID is trying to keep the community clean,” she says. “It’s a quiet and respectable place to live, and I’m proud to have managed the Commerce branch there.”

Sean Ackerson works with Bowman on the Southtown and Troost Avenue CID boards, and he appreciates what she contributes to both groups. “She’s very hands-on about doing the work,” he says. “She always wants to know what else she can do to help. She’ll ask if she’s helping enough and wants to know what else she can bring to the table.

She never just sits back, waiting to be told what to do.”

Ditu Kasuyi, who has worked with Bowman on the UFSC for several years, has also been impressed with her. “When she was first elected president of the Kansas City chapter, I could tell that she was a little apprehensive about it,” he says. “From there, I saw a wonderful person come into her own and develop her own voice. She has a confidence about what she’s doing in the community.”

Kasuyi also appreciates Bowman’s ability to connect with people. “She’s built such great connections with community organizations and with individual people,” he says. “During the pandemic, sometimes people get a little discouraged or overwhelmed, but Jureau has this calm spirit and helps people find a way to move forward. She can connect with folks on that level.”

Ackerson believes Bowman’s ability to build relationships serves her well as Commerce’s community outreach and banking officer. “She’s got a great approach,” he says. “When you sit down and talk with her, it’s a real conversation. She truly cares about the people in the community, and I think that makes her truly special to work with.”

Black Mental Health: What You Need To Know

Fri, 03 May 2024 07:26:40 GMT

The topic of mental illness is often taboo in Black communities. If we eliminate this stigma, can we help people get the mental health care they need?

We know that people of all ethnicities and cultures experience mental health conditions, and that Black individuals experiences mental health challenges at rates similar to other groups.

However, when considering the mental health of Black Americans, it’s important to look at historical and cultural factors, some of which have led to significant disparities. For example, 25% of Black people seek mental health treatment when needed, compared to 40% of white people.

Keep Reading To Learn

How stigma affects Black Americans
Which barriers to care exist
How to find culturally sensitive care

When Christine M. Crawford, MD, MPH, was doing her psychiatric rotation in medical school, she knew psychiatry was her calling. But when she shared that she decided to become a psychiatrist instead of specializing in another field of medicine, the response she received was one of disappointment.

“One person asked why I didn’t want to become a ‘real’ doctor,” Crawford said. “Another asked why I would want to work with ‘those’ people.”

Crawford said it was challenging to hear this from those closest to her—individuals she knew to be compassionate, smart, and supportive to others. Crawford, who is Black, said at that point she truly understood the depth of mental health stigma in the Black community.

“Ironically, as my career as a psychiatrist progressed,” she said, “I came to learn that many who responded most negatively to my career choice were the very people I was dedicating my life to helping—African Americans who silently live with mental illness for fear of being judged.”

Steeped in Stigma

The stigma of mental health isn’t new to the Black community. Martin Luther King Jr. reportedly had severe depression during periods of his life and refused psychiatric treatment, even when urged to seek care by his staff. Unfortunately, that scenario continues to be common today, with African Americans not seeking mental health care because of stigma.

“We can all work together to recognize and address this challenge,” Crawford said. “But to do so, we must understand where it comes from and why it is so ingrained in our culture.”

The root of mental health stigma among Black people can be traced back to slavery.

At that time, it was commonly thought enslaved people were not sophisticated enough to develop depression, anxiety, or other mental health disorders.

“From those historic misconceptions, we learned to ignore mental illness or call it other terms, like ‘stress’ and ‘being tired,’” Crawford said.

Such nuanced descriptions for depression and other mental illnesses—adopted by the Black community and passed on from generation to generation—led to underestimating the effects and impact of mental health conditions. Also, it strengthened beliefs that a psychiatric disorder is a personal weakness.

Crawford explained that “all these factors created a culture that is fearful and uninformed about mental illness.”

The Impact of Racial Discrimination

Racism, Trauma, and Mental Health

Black Americans develop mental health conditions at a rate equal to anyone else. The Centers for Disease Control (CDC) has declared racism a serious threat to public health that has placed communities of color at greater risk for poor health outcomes.

When considering the mental health of Black Americans, it is important to view their experience through a historical and cultural lens. The Black community has shown resilience in the face of adversity for centuries.

Starting in the 1600s in the United States, Black people faced oppression in the form of the enslavement of Africans and their descendants. The fact that a group of people were once considered property and not human beings, and the effects this has on people of African descent, cannot be underestimated.

Through 1965, U.S. laws were used to justify abuse of Black people. In the years after the American Civil War, Black people faced oppression in the form of sharecropping: farm labor that severely restricted economic mobility. They faced segregation: enforced and legalized separation from housing, health care, and other services.

Racism today is often more hidden, but it is still dangerous. It exists in the form of reduced access to housing, health care, and education and in increased incarceration.

The social, economic, and emotional toll continues for Black Americans.

Racial Trauma

According to the American Psychological Association, racial trauma can result from direct experiences of racism, as well as insidious occurrences that add up over time.

Major experiences of racism include physical and verbal attacks, while indirect stressors include seeing videos of police brutality on social media or being the target of subtle put downs. Racial trauma can also result from intergenerational trauma: traumatic stress passed from one generation to the next.

Stress reactions to trauma are normal responses to abnormal situations. A person’s response to a trauma depends on the individual, the type of trauma, the meaning of the trauma, as well as cultural factors.

People who have experienced multiple traumas throughout their lives are at greater risk for experiencing another trauma. They also experience more severe symptoms and longer lasting effects.

Researchers believe that racial trauma is one of the reasons Black people in some communities have higher rates of PTSD (8.7%) compared to white people (7.4%).

Studies also show that African American youth are at risk of developing PTSD: Nearly 65% of African American youth report traumatic experiences, compared to 30% of their peers from other ethnic groups.

Since treatment shortly after a traumatic event is a major factor in recovery, lack of access to health care may contribute to the higher rates of trauma symptoms and PTSD among African Americans.

Transmitted Stressors: Intergenerational Trauma

Researchers are learning more about the health effects of intergenerational trauma.

Trauma can be passed down through genes in a process called intergenerational transmission. Stress can cause changes to reproductive cells, as well as to the uterine environment where a fetus develops.

Because of this, people whose ancestors experienced trauma may be vulnerable to mental health conditions. Even individuals who did not experience a trauma directly may have inherited trauma symptoms, such as anxiety and mood dysregulation.

This has mental health implications for descendants of people, including Black Americans, who have experienced oppression and violence.

The Mental Health Impact of Systemic Racism

The effects of racism lead to higher poverty rates, increased incarceration, and reduced access to health care and housing.

Racism also appears in less obvious forms. Like other marginalized populations, African Americans experience microaggressions. These subtle, indirect, and sometimes unintentional put downs from people point to one’s “otherness” or assume racial stereotypes.

Examples of microaggressions include a white professor failing to call upon Black students in a classroom, or a clerk following a Black customer around a store.

Microaggressions are a form of racial trauma. Due to their frequency, subtlety, and harm, they can chip away at a person’s identity and sense of self-worth, potentially impacting their mental health.

Black Americans Are Less Likely To Seek Mental Health Care

Black people are far less likely to seek care. Statistics tell us that about 25% of African Americans seek mental health treatment, compared to 40% of white Americans.

Unequal access to health care is one major contributor to this disparity. Nearly 10% of Black people in the U.S. do not have health insurance, compared to 5.2% of non-Hispanic white people.

When members of the Black community do seek mental health care, they are more likely to receive it from an emergency department than from a mental health specialist.

According to Crawford, other reasons Black Americans receive less care include “the lack of cultural sensitivity by health care professionals, African Americans feeling marginalized, and the reliance on family, community, and spiritual support instead of medical or psychiatric treatment—even when it is critically necessary.”

Black people can also face prejudice from health care providers. Communication between providers and patients can differ for African American patients compared with white patients.

In one study, physicians working with Black patients were 33% less likely to engage in patient-centered communications than they were with white patients. Such discriminatory practices have been connected to patients’ increased psychological distress.

Barriers to Treatment

One barrier to treatment for African Americans may be an understandable mistrust in the medical and mental health systems.

For example, research studies are less likely to include members of the Black population. There are also historical cases, such as the Tuskegee syphilis experiment (1932-1972), in which Black people were subjected to medical experiments without their permission.

Another obstacle? Mainstream psychotherapy has its roots in Western Europe. The founders of psychoanalysis and other early treatments were white men.

According to the work of psychologist Nancy Boyd-Franklin, early models of mental health care and family therapy were established to treat white middle-class families. These forms of therapy pathologized Black families that were structured differently from white families in any way.

Boyd-Franklin states that such models overlooked the strengths of Black families, which include extended kinship ties, an openness to taking on different family roles (for example, an aunt serving as a nephew’s primary caregiver), and an emphasis on spirituality—factors that modern psychotherapy now recognizes as fundamentally important to well-being.

Lack of Black Therapists

Because of the history of psychotherapy, as well as the unique challenges faced by members of the Black community, Black patients may prefer seeing Black therapists.

A shared ethnicity does not necessarily guarantee the best therapeutic relationship. Regardless of the identity of the therapist, the most important qualities are compassion and cultural competence.

However, some Black patients may feel that Black therapists can better understand their experiences and identify with their cultural stressors. If this is the case, providers should make every possible effort to match a Black patient with a Black therapist. Unfortunately, only 2% of U.S. psychologists are Black.

Property is Power: The Power of the Black Dollar

Fri, 03 May 2024 07:24:03 GMT

While the spending power of the Black dollar stands at a staggering $1.7 trillion, this financial strength is underutilized.

(WIB) – The spending power of the Black dollar stands at a staggering $1.7 trillion, reflecting immense potential for community growth and economic empowerment. This financial strength, however, is underutilized, prompting a crucial need for increased and unconditional support within the African American community. In other words, black people must support each other. The underrepresentation of support for Black-owned businesses becomes a hindrance to community growth. It is time to recognize the power that lies within our community’s economic choices and address the cancerous mentality that hampers our progress. Supporting Black businesses is neither racist nor revolutionary. It should be viewed as a commonplace and essential practice, straightforward and proven over time. However, it is often overlooked, downplayed, or portrayed as radical. By simply embracing, and prioritizing buying from Black-owned establishments can bring collective benefits to everyone.

The Economic Disparities

Black households face economic disparities, earning nearly seven times less than their white counterparts. To bridge this gap and uplift the community, it is essential to recognize the transformative potential of supporting Black-owned businesses. By fostering entrepreneurial ventures, we create a path for black individuals to improve their economic and social standing, rather than disparaging the buy black “movement”, it should be seen as an activist form of capitalism.

Spending Power

In 2021, the spending power of Black Americans reached a record $1.6 trillion, representing 9% of the nation’s total buying power. This immense financial resource, when redirected to Black-owned businesses, has the potential to elevate entire communities. Real estate, a significant component of wealth-building, plays a crucial role in this process. Investing in Black-owned properties not only supports individual entrepreneurs but also contributes to closing the racial wealth gap over time.

Empowering Black-Owned Businesses

Supporting Black-owned businesses is a strategic move toward achieving equality. According to a survey, 58% of Black adults believe that “buying Black” is an extremely or very effective strategy for advancing Black people. Choosing to spend within our community is a powerful statement that goes beyond economics; it signifies support for black pride, unity, and self-determination.

The Role of Black Entrepreneurship

Black entrepreneurship emerges as a tool for survival in a world where systemic challenges persist. By overcoming odds and supporting Black-owned businesses, we pave the way for a thriving future. This paradigm shift, although intimidating to those benefiting from the status quo, promises positive change for both the business community and families.

Building a New Generation

Supporting Black-owned businesses contributes to the cultivation of a new generation. Through this initiative, young black children can grow up in communities with successful entrepreneurs as role models, fostering an environment where everyone has a fair chance at success. It is a collective effort to break free from detrimental narratives and build a legacy of prosperity and empowerment.

In Summary

The power of the Black dollar extends beyond mere transactions; it holds the key to community growth, economic empowerment, and the eradication of systemic disparities. Redirecting this immense financial resource towards Black-owned businesses, especially in real estate, serves as a catalyst for change. By supporting each other, we dismantle the cancerous mentality that impedes progress and lay the foundation for a future where everyone can thrive. The economic influence of a $1.7 trillion spending capacity equals the combined gross domestic product of Mexico, Canada, and Italy. It is now imperative for the Black community to initiate a transformative change in our financial habits, emphasizing the crucial significance of investing in ourselves. Prioritizing self-investment involves directing our spending towards initiatives that directly contribute to the prosperity of Black households, fostering the transfer of wealth to future generations. Recognizing sustainable homeownership as the primary means of wealth creation for the majority of Americans further underscores the importance of this financial strategy.