We know the cost of the fallout is not yet calculated from the aftermath of the events in Ferguson over the past few days. However, what we do know is that the first victims after the verdict was announced were small businesses in the "hot zone" that were burned to the ground.
Operation Hope CEO and empowerment advocate John Hope Bryant wrote an article on LinkedIn entitled: "The Second Victim of Ferguson. The Death of Business and Jobs" that highlighted the potential long-term devastating impact of the loss of small businesses. According to Bryant, the specific small businesses that burned down and/or looted included: QuickTrip, Ferguson Market, AutoZone, wireless telephone store, beauty supply store, a public storage, and a BBQ restaurant. Bryant says:
"None of these businesses had anything to do with the injustices of Ferguson and its criminal justice system, but many may never open again, or even have a desire to come back. And given that 92% of all jobs in America are private sector, this means that a community that had few jobs before the Michael Brown crisis, now will have significantly less still.
This is one reason I'm a huge advocate for entrepreneurship training in urban areas as a vehicle to create opportunities and help lift people out of poverty. Prayerfully Ferguson's entrepreneur community will be able to rebuild with an increased emphasis on more people becoming small business owners. Economic empowerment must become one of the the key aspects of community rebuilding.
Click here to read the full article on LinkedIn: https://www.linkedin.com/pulse/article/20141125191809-23074630-the-second-victim-of-ferguson-the-death-of-business-and-jobs
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