Buffalo Alumni Initiative

51617542_1601589694328276_r.jpegIT'S TIME TO SUPPORT BLACK BUSINESSES AND ENTREPRENEURS

For so many, the rites of passage and image of success was to leave Buffalo, attend college, start successful businesses, and/or help build up other cities. However, while we began to create these lives in other places that we never knew were possible, we left behind home. On the contrary, perhaps you remained in Buffalo, gained success and moved out of the disenfranchised communities or still live in the communities being the needed visible leader. We thank you. 

However it's time to reach back to give a hand up and mirror the group economics that we see other communities thrive in. This model of investment allows members of other races to rely only upon their community to open businesses and support entrepreneurs. 

Therefore every dollar that is donated will be given to a black entrepreneur who is dedicated to opening a business in an underserved part of Buffalo but is in need of financial assistance. The person will be selected by a committee of donors who will review the application and make the selection. 

Why only black entrepreneurs? 
As research and experience has shown, black businesses are twice as likely to be rejected for loans and less than 47% of financing applications filed by African American business owners get approved. This is a systemic discriminatory practice that prevents African Americans from even owning businesses in their own communities. Therefore the only way to ensure equal opportunity in business ownership is private funding. 

Can I write this off on my taxes?
No. This is not a nonprofit organization but instead an opportunity to invest in a community that needs you. Please do not give more than you can afford to give. 

In sum, we no longer want a piece of the pie but instead we want the recipe. ...

Donations

  • Anonymous 
    • $200 
    • 19 d

Organizer

Buffalo Alumni Initiative 
Organizer
Buffalo, NY
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