Financial empowerment is what NBCC does. Dream Exchange, the first minority-owned stock exchange, recently announced a new partnership with NBCC, dedicated to economically strengthening Black businesses and others in underserved communities. This strategic partnership is a significant step towards increasing public capital market access for minority-owned businesses.
“Our collaboration signifies a ground-breaking alliance that empowers minority entrepreneurs and revolutionizes the financial landscape. A unification of the NBCC and Dream Exchange is a testament to the strength of shared vision,” says Charles H. DeBow, III, President and CEO of the NBCC. “Together, we are architects of opportunity, constructing a platform where underrepresented businesses can shine. This partnership catalyzes dreams into reality, one investment at a time.”
Joe Cecala, CEO of Dream Exchange, described the partnership as “an important step towards achieving our mission of democratizing access to capital.”
“We recognize the vital role that minority-owned businesses play in driving economic growth for everyone, and we are committed to working with the NBCC to support these businesses in a way that provides genuine help,” Cecala says.
Adds Dwain Kyles, Managing Member and Director of the Dream Exchange. “Access to capital is a critical issue for most minority-owned businesses. By working together, we can ensure that Black entrepreneurs have the resources they need to scale and that they are able to fully participate in our national market system.”
BeBow says collaboration between Dream Exchange and NBCC exemplifies the “We Are Together” theme of the conference founded on the teachings, vision, and legacy of Booker T. Washington when he convened the first conference in 1900 – 124 years ago.
Black Wall Street, for example, showed how wealth was generated when black people came together in unity, and prospered in the age of segregation, when there was no other option, DeBow explains.
“The black dollar, as it is called, would circulate 27 times in the black community,” DeBow says. “In 2024, maybe one time,” he says, adding, that the staples of the community that were once in place to support black businesses and the neighborhoods are no longer there.
“When Blacks did business with each other we were strong. There’s a case to be made or debated about the pros and cons of segregation but when were forced to do business with each other wealth was created. “Booker T wasn’t focused on integration but on taking care of home first. His teachings were about casting down your buckets where you stand.”
Join the 124th National Black Business Conference in Atlanta and network with entrepreneurs, collaborate with business leaders, and empower your business.
Black Wall Street, community, self-sufficiency, economic empowerment, black businesses
#BlackWallStreet #CommunityEmpowerment #SelfSufficiency
