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Grand Rapids Area Black Businesses (GRABB) is an Economic and Business Development organization. GRABB works to foster an economy that creates prosperity and supports the revitalization of predominantly Black neighborhoods.
GRABB works to expand opportunities for Black businesses in the Metro Grand Rapids area by assisting them with acquiring four form of capital (Human, Social, Intellectual and Financial) and creating awareness for Black businesses. GRABB is empowering the Black business community that is leading to meaningful and beneficial economic growth and sustainability.
$1.8 Trillion Black Consumer Spending with only 2% being spent with Black owned businesses. Shifting 10% of Black Consumer Spend would create millions of jobs.
Black Entrepreneurs only access 3% of $30 Billion in SBA backed loans and 1% of $108 Billion of Venture Capital Invested
Black families control 1/2 of 1% of this nations wealth nearly the exact same amount control at the end of enslavement of African descendants. Black families net worth on average is approximately $17k in wealth compared to $171K for White families