Economic inequality has held back the Black Business Community for far too long.
Slingshot propels Black entrepreneurs forward.
Why is the gap between Black and White America so wide and deep?
An enduring history of Black discrimination in corporate America.
Banks like JPMorgan, where managers in Phoenix branches were recorded making racist remarks, and Wells Fargo, which recently faced a federal lawsuit for discriminating against minority home buyers, have had a long history of discriminatory practices.
While Black Americans make up over 13% of the US population, only 1% of funded startups founders are Black, and only 8% of those are female.
There are zero Black members on the senior leadership teams of Facebook, Google, Microsoft and Amazon. There are just four Black chief executives at the 500 largest companies in the country—ZERO of the four are women.
On average, a typical White family has about 10 times the wealth of a typical Black family.
Real median income among African American households is $41,692 vs. non-Hispanic White households, whose median income is $70,642. Black American median income is 60% of the Non-Hispanic White median income.
The time for real economic change is now.
“Change will not come if we wait for some other person or some other time. We are the ones we’ve been waiting for. We are the change that we seek.”
44th President of the United States, Barack Obama
Introducing Slingshot Incubator
Every American deserves the opportunity to create lasting, generational wealth. Slingshot is helping Black entrepreneurs release the tension and propel themselves forward!
