It is another day in charge for the staff of the Sweet Tooth Cafe and Gakes, a Halal Reconte Food restaurant located in Washington, the historically black DC district, it is the second location for the family business of Amina Thomas and is part of their daily life in the past 30 years. Thomas says that coffee is in a privileged location, after having spent years of challenges as a black business owner. “Once you are in space, there are people who, they go:” Oh, they are belonging to blacks. Let me give them a chance, “said Thomas.” It is always a fairly interesting comment. “It is a common challenge according to many black business owners: navigating political and social perceptions while trying to survive an increasingly competitive market and economy. Experts say a lack of capital, access to financing and new rules that apply for loans to the administration of small businesses often prevent black companies Discoveries. “It is historically more difficult for blacks to obtain funding,” said Kate ASHFORD, a small business in Nerdwallet. And, with the approval of the congress, by making tax advantages and permanent investments. Full of the president, will worsen the problems for many black owners. “I would expect a significant loss of black wealth if the administration decides not to reverse some of its harmful policies,” said Jessica Fulton of the Joint Center for Political and Economic Studies. On her community for the survival of his business. “We really tried to do well by the community and therefore they tried to make sure they continue to come back,” she said. Nerdwallet noted that 7 out of 10 Americans want to support companies belonging to blacks, but more than half (52%) do not know where to find them.
It is another day busy for Sweet Tooth Cafe and Cakes staff, a Halal comforting food restaurant located in Washington, the historically black district of DC Anacostia.
This is the second location for the family business of Amina Thomas and is part of their Daily Grind in the past 30 years. Thomas says that coffee is in a privileged location, after having spent years of challenges as a black business owner.
“Once you are in space, there are people who, they go:” Oh, they are belonging to blacks. Let me give them a chance, “said Thomas.” It’s always a pretty interesting comment. “
This is a common challenge according to many owners of black companies: navigating political and social perceptions while trying to survive on an increasingly competitive market and economy.
Experts say that lack of capital, access to financing and the new rules for demanding small businesses often prevent black companies from being discovered.
“It is historically more difficult for companies belonging to blacks to obtain funding,” said Kate Ashford, a small business in Nerdwallet. “There are studies showing that companies belonging to blacks are approved less often for loans and credit sectors than companies belonging to whites.”
At the federal level, the Trump administration undertakes to help the owners by buying regulations and, with the approval of the congress, by making permanent tax and investment services.
“President (Donald) Trump promised to bring prosperity back to Main Street with an America First program that benefits each small business,” the White House said in a statement.
But experts warn that other administration policies, dismantle diversity, actions and inclusion initiatives as well as the president’s booming prices, will worsen the problems for many black owners.
“I would expect to see a significant loss of black wealth if the administration decides not to reverse some of its harmful policies,” said Jessica Fulton of the Joint Center for Political and Economic Studies. “”
Faced with economic uncertainty in the future, Thomas says that she is preparing for the impact of Trump’s policies and is rather based on his community for the survival of his business.
“We really tried to do well by the community and so they tried to make sure they come back,” she said. “In congruence with this, we try to make sure that we provide excellent service by doing these things.”
Another problem that many black owners cite is visibility. A new report From the personal finance company, Nerdwallet noted that 7 out of 10 Americans want to support companies belonging to blacks, but more than half (52%) do not know where to find them.