Black-Female Serial Entrepreneur Raises over $110 Thousand Through Crowd Investing To Create The first Black-owned Real Estate Crowd Investing Platform In The United States
The JOBS Act of 2012
Crowd investing is being made possible by the Jumpstart Our Business Startups Act, or JOBS Act, a law intended to encourage funding of small businesses and real estate development in the United States by easing many of the country’s securities regulations. It passed with bipartisan support and was signed into law by President Barack Obama on April 5, 2012.
Crowd Investing for Everyone
On May 16th, 2016 Title III, the regulation crowdfunding act went into effect and the floodgates of capital aggregation have been open to the Black community for the first time in History. Rodney Sampson, an entrepreneur, educator, and journalist calls “Title III Regulation Crowdfunding the single most important legislation for African-Americans since the Emancipation Proclamation!”
Buy The Block
Crowd investing through Buy The Block allows community members to invest in businesses, residential and commercial real estate with their community peers to build a self-sustained business/investment ecosystem for disenfranchised communities and neighborhoods to build community equity and personal wealth. Buy the Block is the first foray for the Black community into the multibillion-dollar global real estate crowd investing industry as an owner.
Why Crowd Investing
Businesses new and old, small, and large, are now incorporating crowd investing to change the paradigm of urban economic development. The capital formation playbooks have changed under the weight of the rising tide of “crowd capitalism”. The interest in how to effectively implement crowd investing to is reaching new and dizzying heights every day and Buy the Block is at the forefront of this innovation.
Funding “Black Girl Magic” Through Nail Spas
According to Nielsen Black women have experienced steady growth in income, population, and educational attainment, according to the study. Between 2007 and 2012, Black female entrepreneurs have grown by 67 percent. In education, 64 percent of Black women graduating from high school go straight to college, while 23 percent over the age of 25 have a bachelor’s degree or higher. But On average, black female-led startups raise just $36,000 of outside funding which amounts to 1 percent of VC funding.
Buy The Block intends to transform the relationship between Black female entrepreneurs and access to capital through with their Nail Spa Initiative. Buy The Block is on a mission to fund 12 Black-owned nail spas over the next 12-24 months including the commercial real estate where the spas sit.
Why does CrowdInvesting matter in this market?
Many inner-city Black communities are retail and food deserts, which means that they lack access to some of the most basic necessities in their communities. These communities have very low Black-owned retail businesses and own even less commercial real estate. Black homeownership is at its lowest level since the 1960’s fair housing laws were enacted, and even though Black start businesses at a high level over 75 percent of them are undercapitalized. The best thing about CrowdInvesting with Buy The Block is that it focuses on solving issues on the inner-city market and allow people to become investors for just $100.
If you want to find out more about CrowdInvesting or you want to support the 12 Nails Spas initiative, just visit Buy The Block to find all the details and information needed to bring our community project to reality!