BLACK BUSINESS AFFINITY INDEX RATING RANK 4
$11.2 billion worth of business in the Empire State
Lowell Hawthorne and the late Sylvia P. Woods demonstrate the saying, "if you can make it there, you can make it anywhere," because they have catapulted their distinctive tastes into global brands from the humblest of origins. Harlem Week is one of the most successful cultural heritage platforms because of the appeal of the food of such innovators. Newcomers like Marcus Samuelssen have shared in the renaissance of black business in New York, a hopeful sign for communities around the country facing gentrification.
The community development corporations led by Drs. Calvin Butts and Floyd Flake have been catalysts for economic, educational and housing progress. Mayors in Buffalo and Rochester are giving their post-industrial communities new economic prospects.
#BLACKDOLLARSMATTER: State of Black Business, 12th edition finds 219,912 estimated black businesses like Sylvias and Golden Krust Caribbean Bakery in the Empire State. It is rated fourth in the Black Business Affinity Index because of the long-established legal structure supporting black businesses, the personal interest of Gov. Andrew Cuomo and New York City Mayor Bill deBlasio and Controller Thomas deNapoli (steward of the state's pension funds) and the preservation of black neighborhood business districts through such steps as the Harlem Community Development Corp., a state agency.
Their revenues were $11.2 billion in the last year available, and the 8,787 companies with paid employees had 55,005 staff.