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How To Create A Thriving Wealth-Building Ecosystem In Your Community
Take Atlanta, for example. According to reports, Atlanta is home to more than 11,000 Black millionaires.
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How To Create A Thriving Wealth-Building Ecosystem In Your Community
By Pierre Clark
By Pierre Clark, Managing Partner, NuMillennium Opportunity Capital, Inc.
There are cities and towns in America where Black people are thriving.Take Atlanta, for example. According to reports, Atlanta is home to more than 11,000 Black millionaires.
Black Atlanteans are eating in restaurants they own, conducting business together, buying real estate from each other, and closing all kinds of deals within their own networks. One brother in real estate estimates that 95% of his business is conducted with other Black people.
Prince George’s County, Maryland, is another locale — home to one of the wealthiest enclaves of Black people in the country. Million-dollar homes owned by Black families sit side by side, supported by a network of Black-owned vendors and service providers.
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Other cities with strong Black economic ecosystems include Dallas and Houston, Texas; Nashville, Tennessee; Newark, New Jersey; Baltimore, Maryland; Henderson/Las Vegas, Nevada; Philadelphia and Pittsburgh, Pennsylvania; St. Louis, Missouri; and Miami, Florida.
So how can Black people create similar wealth-building groundswell in cities where they have a strong presence? Here are some strategies:
- Start investment clubs with like-minded Black entrepreneurs.
- Support Black entrepreneurs in your city who are building businesses and employing local residents.
- Bank Black where possible, or use financial institutions offering products and loans tailored for Black communities.
- Engage elected officials — meet with Black mayors, state representatives, and senators to discuss economic resources and opportunities.
- Partner with Black Chambers of Commerce and business incubators to launch new initiatives.
- Empower the Black Church. As the strongest economic institution in nearly every Black community, pastors and congregants can and should play a vital role in wealth-building initiatives.
In this time of challenge and uncertainty, there’s proof that when Black communities stick together, work together, and support one another, they can not only survive — but thrive. The examples in these cities and towns show us the way. Let’s replicate their success everywhere!
By Pierre A. Clark
From The Entrepreneur’s Corner™ Classic Columns
© 2009–2010, Revised 2025. All Rights Reserved. (CV)
Pierre Clark is the Founder-Editor of The Entrepreneur’s Corner™, Homefree, NuFutures Development Ventures LLC, and NuMillennium Opportunity Capital Ltd. Rights Reserved
Writer’s Note: Everyone thinking about starting a business and wants to know: how to get the money. Here are some tips and strategies. (I'm using these myself. Let me know how they work for you.) Call 312-970-0249 for info about our workshop sessions and podcasts on Clubhouse and Fanbase.
For more insightful wealth and entrepreneurial articles by Pierre Clark Click Here
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