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Increasing recognition of the economic and social inequities experienced by Black Americans is spurring new investments in Black businesses and entrepreneurs. Making such investments in both the U.S. and in Africa can help increase diversity in entrepreneurship and create economic opportunities for communities of color, to the benefit of local economies. The authors explain why the period known as the golden age of Black business still offers lessons for leaders to help such businesses prosper.

In order to build diverse and inclusive business ecosystems, leaders and organizations must be authentic and move beyond performative allyship. The authors argue that by taking a cue from successful Black business communities of the past and robustly engaging in cooperation, companies can play a role in building the communities needed to facilitate social sustainability in underserved communities today.