In light of the recent boom on Wall Street, thanks to Reddit and GameStop, we’ve come up with a list of some Black-owned publicly traded companies that you can invest in.
As of April 2020, there were about 63,700 Black-owned companies.
After all, it is Black History Month, so why not support Black businesses while stacking your money?
- Urban One, Inc. (UONEK) is a media company and the largest Black-owned broadcasting company in the country. The Rickey Smiley Show and Keepin’ It Real with Reverend Al Sharpton are operated through the company. It was founded by Cathy Hughs in 1979 and was previously called Radio One. It went public in 1999, and Hughes was the first Black woman to be the head of a publicly-traded company.
- American Shared Hospital Services (AMS) is a healthcare company that leases medical equipment to hospitals. It’s based in San Francisco and makes equipment for things like radiosurgery. The company was founded by Dr. Ernest A. Bates in 1977, who served as president and CEO until last year. But the company is still Black-owned, with his son as an executive.
- Citizens Bancshares Corporation (CZBS) is the oldest and largest Black-owned bank. This company has been running for nearly 100 years.
- Axsome Therapeutics (AXSM) is a biomedical company that creates treatments for disorders like depression and migraines. It was founded by Dr. Herriot Tabuteau, who is still the CEO and chairman.
- Carver Bancorp (CARV) is a bank based in Harlem that was named after George Washington Carver. It was founded in 1948 and is still Black-owned.
