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Black American History

Black Business Built America Too

By John William TempletonAmerica250: A Commemorative ReviewPages 124–125

When Kwanza Jones and Jose Feliciano purchased the San Diego Padres for $3.9 billion, it signaled a whole new ball game for America's 4.4 million Black-owned businesses. However, it was the same pitch that the Pico brothers threw at the time of the Declaration of Independence when they became the largest landowners in San Diego. Black businesses have been the biggest supporters of American democracy, even when it limited their profitability. As the 250th anniversary approached, Black businesses had enjoyed their most successful five years ever. Since 2004, the Journal of Black Innovation National Black Business Month (R) engaged in a psycho-social intervention to explore how to achieve the goal of Dr. Martin Luther King Jr.'s last speech in Memphis on April 3, 1968.