C.E.G.
C.ommunity E.conomic G.rowth
Our 10x10x10 program is much
More
Our 10x10x10 program is much
More
1. Community Identity
Take a stroll down Main Street and you’ll likely notice that your community has its own unique character and charm. From the mom-and-pop shop, the local CPA and business, to an African antiques emporium, home cooked meal cafe, cashride services, dance and yoga studio and beyond, small businesses contribute to a community’s identity. Many municipalities and tourism boards have prioritized preserving the unique character a vibrant small business community creates– transforming that character into an advantage.
2. Community Involvement
Small business owners are an integral part of the communities in which they live and work. Thus, they tend to be cognizant of how their decisions may impact their neighbors. In addition, local small business entrepreneurs tend to be involved in the community. For instance, they may sponsor local Little League teams, donate to the city’s homeless shelter, join the Chamber of Commerce, participate in community charity events or contribute to a local non-profit organization. It’s also not unheard of for successful business owners to guest lecture at the local community college, technical institute, or small business center.
3. Community Health
In addition to contributing to the local community’s unique identity and being involved locally, small business owners help to build a sense of community. Their businesses tend to be people businesses. Small business owners are more likely to build personal relationships with their customers, knowing many of them by name. When was the last time you walked into a large chain store and were greeted by name?
Many small business owners band together forming casual or formal relationships, such as a merchant’s association or one-on-one counseling and mentoring relationships. These relationships leverage the expertise of the participants to contribute to the business community’s long-term success. They are also often a key tool for engendering goodwill between business owners, so that as foot traffic to one business increases, other nearby businesses benefit through increased exposure and word-of-mouth referrals.
4. Environmental Benefits
Pedestrian-friendly town centers have their own unique vibe — and demonstrable environmental benefits. For example, small businesses clustered near residential areas may reduce automobile use and traffic congestion, resulting in better air quality.
In a research report by the United States Environmental Protection Agency they refer to compact, walkable downtown centers as smart growth places, noting “that business that locate in smart growth places can help protect environmental resources—for example, by reducing air pollution from vehicles by encouraging walking, bicycling, or taking transit; building more compactly to protect ecologically sensitive land; or incorporating natural ways of collecting and filtering stormwater runoff.”
The report also notes that smart growth places, in turn, deliver significant economic advantages to businesses, including:
Increased productivity and innovation
Improved ability to compete for labor
Stronger retail sales
5. Increasing the Tax Base
When local residents shop at small businesses within their communities, their tax dollars stay within the local economy helping to improve their community as a result. Likewise, local small businesses tend to buy locally as well, pumping more of their profits back into the community than their chain store counterparts helping with economic development.
6. Local Jobs
Small businesses are job creators, and most of those jobs are local jobs. Rather than having to commute to another city, employees work closer to home. Supporting local businesses also helps your fellow community members who work at them. When a community has a vibrant commercial center, it also creates ample opportunities for these workers to shop at other local small businesses. They grab lunch or dinner from local restaurants, run errands on their break, and grab drinks from local bars. This keeps money local and further creates a tight-knit community vibe.
7. Entrepreneurship
Small businesses are the product of the business owner’s entrepreneurial spirit. By starting a small business, the business owner is taking charge of his or her future. Entrepreneurship fuels America’s economic innovation and prosperity and serves as a key means for families to move out of low-wage jobs and into the middle class.
In a bid to further invest in local job creation some communities have gone so far as to create a small business development center that teaches entrepreneurial skills to the local populace. Financed by and may even be special arrangements with a our own C. E. G. bank set up to provide would-be entrepreneurs with a small business loan, local grants, and awarded investments, to get their operation up and running. The goal with all of these initiatives is to inspire entrepreneurship and encourage continued small business development in the local community.
8. Innovation and Competition
Small businesses, like any business, need to stand out from the crowd in order to survive. They must serve a legitimate need in the community and do it better than their competitors. Having multiple small businesses all striving to be unique, innovative, and better can result in a healthy marketplace and well-served consumers.
9. Less Infrastructure and Low Maintenance
Compared to shopping malls and chain stores, local shops tend to require fewer public services and less infrastructure. While a new music store owner may require a business license and occupancy permit, the process of opening a shop is much less demanding on the city planning department than building a new department store would be.
10. Diverse, Locally Made Products and Services
One-of-a-kind and locally made products can attract customers to a community, bolstering tourism and contributing to the local vibe. Locally made goods are also attractive to residents who want to minimize their carbon footprints, support local businesses, and keep their tax dollars close to home.
These are just a few examples that describe the importance of small business to our local communities. Supporting small businesses isn’t just about shopping on Small Business Saturday. These establishments benefit our local economy, personal relationships and help build the community. So next time you’re considering heading to a large chain store, remember local matters.
This is how we build our cultural community "Black Wall Street"
10x Communities
10x Cities
10x States
Team:
Please read below:
Prior to equity crowdfunding, most African Americans couldn’t invest in hot, new companies serving the market, even if they wanted to; regulations prevented it. More importantly, most black entrepreneurs could not turn to friends or family to invest in their small businesses. Not anymore.
Equity crowdfunding empowers anyone in the United States over 18 to invest in startups in amounts as small as $10. Which Prior, this privilege was restricted to wealthy accredited investors; about 10% of U.S. households. Risk comes with investing, but unleashing $1.2 trillion in to fund black businesses and real-estate endeavors is one of the greatest wealth building opportunities ever made available to the African American community.
African Americans have historically been frozen out of wealth building opportunities necessary to build generational wealth. Usually, when wealth building opportunities have been made available, it was only after other communities had access. This makes equity crowdfunding almost singularly unique in American history.
The community has found innovative ways to work around the problem in the past, with a mix of personal loans and informal business groups filling the void. One creative way is organizations made popular by women in West Africa and the Caribbean.
Now, black investors and entrepreneurs have access from the beginning and can share in the economic gains made by startups growing and hiring. Moreover, black consumers—trendsetters—can use their dollars and influential platform to select which products, services, and solutions get funded from the beginning.
HOW EQUITY CROWDFUNDING WORKS
Entrepreneurs connect with an equity crowdfunding platform that agrees to host their campaign. Some platforms like our Current
C.E.G. 10x10x10 program, which includes us to fFile with the U.S. Securities and Exchange Commission (SEC) declaring their intent to raise money. The benefits is we are building our own,
C.ommunity E.conomic G.rowth
Please read below:
Prior to equity crowdfunding, most African Americans couldn’t invest in hot, new companies serving the market, even if they wanted to; regulations prevented it. More importantly, most black entrepreneurs could not turn to friends or family to invest in their small businesses. Not anymore.
Equity crowdfunding empowers anyone in the United States over 18 to invest in startups in amounts as small as $10. Which Prior, this privilege was restricted to wealthy accredited investors; about 10% of U.S. households. Risk comes with investing, but unleashing $1.2 trillion in to fund black businesses and real-estate endeavors is one of the greatest wealth building opportunities ever made available to the African American community.
African Americans have historically been frozen out of wealth building opportunities necessary to build generational wealth. Usually, when wealth building opportunities have been made available, it was only after other communities had access. This makes equity crowdfunding almost singularly unique in American history.
The community has found innovative ways to work around the problem in the past, with a mix of personal loans and informal business groups filling the void. One creative way is organizations made popular by women in West Africa and the Caribbean.
Now, black investors and entrepreneurs have access from the beginning and can share in the economic gains made by startups growing and hiring. Moreover, black consumers—trendsetters—can use their dollars and influential platform to select which products, services, and solutions get funded from the beginning.
HOW EQUITY CROWDFUNDING WORKS
Entrepreneurs connect with an equity crowdfunding platform that agrees to host their campaign. Some platforms like our Current
C.E.G. 10x10x10 program, which includes us to fFile with the U.S. Securities and Exchange Commission (SEC) declaring their intent to raise money. The benefits is we are building our own,
C.ommunity E.conomic G.rowth
Hours
Sunday
Closed
Monday
9:00 AM - 5:00 PM
Tuesday
9:00 AM - 5:00 PM
Wednesday
9:00 AM - 5:00 PM
Thursday
9:00 AM - 5:00 PM
Friday
9:00 AM - 5:00 PM
Saturday
Closed