12 Actionable Ways To Create An Anti-Racist Company
I am a white, upper middle-class, female entrepreneur. Because of my white privilege, I have never experienced bias or injustice based on the color of my skin. Speaking out about racial injustice and police brutality is a difficult and uncomfortable conversation to have, as it requires recognizing the ways that I and all white people have silently benefitted from a broken system. That makes it all the more necessary.
I — along with hundreds of thousands of business owners — have the opportunity to use my business as a vehicle of change. Creating ONE #blackouttuesday Instagram post does nothing if no further action is taken. I’m committed to creating and enacting a long-term inclusivity strategy to make a stand against systemic racism and the oppression of the Black community.
It is no longer enough to silently support our Black brothers and sisters. We must put our resources — money, influence, purchasing power — toward being ACTIVELY ANTI-RACIST in our businesses, in our government and in our lives.
Here is a non-comprehensive list of changes that small, medium and corporate businesses can make to create an anti-racist organization:
Create Grants For Black-Owned Businesses. The greatest challenge Black-owned businesses face is lack of capital and cash flow. Black entrepreneurs face the additional hurdle of racist and predatory lending practices in banks — being approved less frequently for financing or with lower amounts of money at a higher interest rate. By creating Black-owned business grants within your company, you can help close the wealth gap that has systematically held back Black entrepreneurs.
Donate A Portion Of Your Sales To #BlackLivesMatter Organizations. Consider donating a percentage or lump sum of your profits to one of the many organizations fighting for equality. Has working from home cut costs from office expenditures, employee perks such as snacks or gym memberships? Take that money and put it to use; see links below.
Commit To Hiring Diverse Talent. Contribute to economic equality by maintaining a strong percentage of Black employees.
You can read the rest of the blog on my website. Thanks for continuing the movement.