2020 was no doubt drenched with ethnic tensions in the United States. An alarming gamut of racially-charged events brought to the fore long-standing issues of social inequalities and systemic racism in America.
It is definitely more than the cops pulling a gun on a young Black American in Boston just because he “looked” dangerous. Racism extends into disparities in access to capital for IPOC (Black, Indigenous, and people of color) businesses.
We have been screaming for reforms and enhanced Black representation across all spectrums of American life, but the White House and Congress can’t do it all. Your sweet dollars can go a long way in bridging the wealth gap between Black and White communities.
How? By buying stocks in Black-owned companies.
4 Best Black-owned businesses to invest in 2021
We will not deny that your investment choice is fundamentally an economic one before a racial empathic one. This means you can’t just throw your money into any business just because Blacks own them.
This explains why we put in the work to handpick the best performing Black-owned businesses (with the soundest prospect of positive ROI) you can invest in.
Let us tell you our top four.
The American Shared Hospital Services deserves our top pick, being one of the most economically viable Blacked-owned businesses to invest in. Founded in 1980 by the industrious Ernest A. Bates, the company is headquartered in San Francisco, California.
This organization focuses on the technological dimension of the American healthcare industry. It has evolved to a leading provider of state-of-the-art medical technology to medical centers and hospitals spread across the U.S.
Some of the dominant niches where the American Shared Hospital Services leases equipment include IMRT/IGRT, Proton Beam Radiation Therapy, and Proton.
The American Shared Hospital Services – thanks to its GK Financing subsidiary – has consolidated itself as a global authority in Gamma Knife unit ownership.
Of course, the company has grown in leaps and bounds since the 80s when it was founded. In 2020, it reported total revenue of $4,670,000 in the third quarter, a sizable leap of 17.0% from the $3,991,000 it posted as its total revenue in the second quarter.
CareCutz is another leading Black-owned behemoth in the Hair and Beauty niche for people with special needs. CareCutz is modeled as a matchmaking platform connecting people with disabilities in Ohio with professionals (spanning stylists and barbers) with specialized training.
This brilliant idea was born in 2009 when founder Marvin Green was thrilled with the passionate and attitudinal transformation in one of his clients with special needs following a nice haircut.