The average Black entrepreneur makes just $25,000 per year – well below the average for nonblack startups. In 2018, startups in NYC raised $9 billion but only one percent went to Black startups. Black consumers have had enough. They are no longer willing to make racists rich and are opting to create and support Black-owned brands.
The Black Content Factory ™ fights to end economic racism through entrepreneurship. We partner with national brands and local businesses to offer affordable memberships to individuals whose work supports the advancement of Black women and Black startups. Black Content Factory ™ offers important assets like on-site child care, a wellness bar, emergency services and a first-class mentorship program.
On June 5, 2019, Sephora will be forced to shutdown more than 460 stores in the United States to hold racial discrimination training. In 2018, Starbucks lost $12 million in revenue and had to shutdown 8,000 stores to hold racial discrimination training. Racism is getting expensive.
Black Content Factory ™ will house the brand new BlackPressRadio™ Studios, the first ever Black Beauty ™ and Black Fashion Incubator™ and other technical labs. Think of us the video and multimedia version of Tidal™ for Black Content Creators