Showing 1 results for:

Black supermarket

by Topic

All results

Soon-To-Be First Black-Owned Supermarket Chain With Items Grown and Made by Us Raises $425K

E-commerce retailer, WeBuyBlack , has been raising money for what’s said to be the first Black-owned supermarket chain dedicated to primarily selling products from Black-owned businesses, reports Essence . According to Black Business , the soon-to-be Soul Food Market has reached its first goal by securing $425,000 in funding. The funds will be used to purchase property in Atlanta, Georgia where the market will be located. “We are super proud of our unity, and our team is even more inspired by our collective efforts to see this project come to fruition,” CEO, Shareef Abdul-Malik said in an email to their supporters and contributors . Soul Food Market needs an additional $1.2 million to complete its project which includes $350,000 in renovation costs, and $420,000 in operating costs. After garnering 13,881 contributors, the company is set to continue its fundraising efforts in order to achieve its final goal. According to the company’s data , the Soul Food Market is a much-needed...

Devin Crudup

Jun 22, 2020