First and foremost we are a Black owned business: Kimdra McNeil is the majority owner. Where do most Black/Minority residents live? In our cities and large towns across America. We all know that the Covid pandemic and now rampant inflation and supply chain problems since the War in the Ukraine have exposed financial weaknesses in these communities, far more than white communities. Stores have closed, the tax base dropped, we see Uber Eats and DoorDash vehicles passing closed restaurants. We walk down empty streets past boarded up shops.These recent problems didn’t create weakness in our business communities–it existed long before–they only brought it to the nation’s attention in a painful way.
Black and Minority small businesses are the heart of our communities. Shop Black Enterprise® wants to be a part of a permanent solution by putting small business success in the hands of Black and Minority communities with support from our nation’s shoppers. There is so much more. Small Black/Minority businesses, for example, have long suffered a disadvantage–a lack of financial resources and critical AI tools to grow business and compete with white business on a level playing field.
For Our Merchant Members
Shop Black Enterprise® (SBE) can help level the playing field. As a Black owned business we face the same problem, but we have a solution–Shop Black Enterprise® is a Merchant Cooperative Association. What is that?
First, SBE is a premier media and website shopping site for merchants, gig workers and musicians to compete for customers with other merchants and have a market reach to a global shopping audience of between 30 and 50 million shoppers rivaling any of the largest known shopping networks.
Second we are a cooperative association all our merchant member’s support each and every business so that by pooling our collective expertise and membership resources we can protect and grow all of our businesses remaining completely independent but collectively secure.
SBE takes not one penny of our merchant member’s sales.
As a cooperative association we levy a low monthly fee for each merchant member of the cooperative association. 15% of all the fees go into a merchant trust fund supervised by a rotating committee of seven merchant member’s. Should your small business run into unanticipated financial headwinds or want money to expand or to partner with another business, member’s can apply for a zero interest loan to the seven member merchant trust fund board including two member’s from the music industry.
To further support Black/Minority small business members, gig workers and musicians at Shop Black Enterprise® we are organizing a benefit concert for our members–The Black Businesses Matter Live Aid Concert™ This will be both a live venue and a global virtual concert headlined by some of your favorite musical artists. The proceeds will go to the SBE Merchant Fund to provide additional financial resources for our merchant members through additional zero interest loans and special events.
So we welcome all of you, merchants, musicians and shoppers, from all of us at Shop Black Enterprise® for contributing to our communities and to our nation’s future and hope you will share your wonderful experiences here with your families, friends and business associates.