The Black Economic Union has established a small business training and educational incubator program. In order to combat the unemployment and economic instability of the neighborhood, the the incubator program provides assistance to aspiring entrepreneurs through the use of educational courses, mentorships, networking, and referrals to funding resources.
Strategically The Black Economic Union creates long-term viable assets as a testament to our commitment to urban core economic develpment. The oraanization completed an overall Economic Development Plan which resulted in the designation as a Special Impact Area for Kansas City, Missouri's urban core.
The Black Economic Union acts as a catalyst to attract and direct public and private resources to assist and stimulate other community-based businesses and organizations towards urban core revitalization.
In the Fall and Winter of 2019, our B.E.U. Youth Ambassadors were coached by community stakeholders in financial literacy, including banking, investing, credit and budgeting skills. This period of coaching culminated in a game of Jeopardy, at the Black Archives Museum in the historic 18th & Vine District, where competitors demonstrated their knowledge of personal finance and earned scholarship prizes. (Check out Mr. Vercie Lark's article about the event by clicking the "Learn More" button.
In the Summer of 2020, our B.E.U. Youth Ambassadors enrolled in a college-level qualitative research course and designed community-based research projects. To explore the concept of financial health in the Black community they developed a mixed-methods research project to examine how Black-owned businesses developed within their first three years.
In the Summer of 2020, our B.E.U. Youth Ambassadors enrolled in a college-level qualitative research course and designed community-based research projects. Given the disproportionate impact of COVID-19 on the African American community, they explored the utilization of COVID-19 preventative measures by the African American community.
Housing and commercial development has been a compelling community rebuilding instrument for The Black Economic Union. Over 567 units of Affordable Housing has stabalized the community, with another 60 elderly units. The Black Economic Union has accomplished the following: