Wednesday, June 2, 2021

Can Southeast Queens Become The Next Black Wall Street?

Help Us To continue to inform and empower our community Please Donate. Get The Scoop Weekly On the Global Black Community and Southeast Queens, NY. 

Subscribe to Our Mailing List. Receive the Latest Events, News, Jobs, and Top Community Economic Development Stories Like this one Click Here | Reach up to 1.3 million people Promote

 Can The Historic Southeast/Jamaica Queens Community Become The Next Black Wall Street?

"Southeast Queens Became The 1st Large Community In The US Where Black Income Exceeded White Income In The Surrounding Area," But Can It Learn And Evolve Into A Black Wall Street Like Community?"

By Kamau Austin, Publisher, The Southeast Queens Scoop, AMS/Scoop Publications

From May 31st to June 1st is the 100-year commemoration of one of the most insidious incidents in US and Black American history known as the destruction of Black Wall Street. It is claimed by the Greenwood Cultural Center that this prosperous Black community got its moniker from Booker T. Washington who called it "Negro Wall Street," which was later changed to "Black Wall Street."

Black Wall Street was started by a very successful Black Real Estate investor from Arkansas, who grew up in Mississippi, named O. W. Gurley. He purchased about 3 1/2 square miles (or 40 acres) of real estate in Northern Tulsa, Oklahoma, which became known as Greenwood, better known today as Black Wall Street.

He purchased his land in what was called the Oklahoma land grab of 1889. Greenwood was named after Greenwood a street in the area from a place Gurley lived earlier in his life. Greenwood was located on the northern part of Tulsa on the other side of the train tracks.

He set up boarding rooms and hotels and purportedly gave loans with other prominent blacks to African Americans to buy land and homes in the affluent Greenwood area. It is said because of the oil boom in the area Gurley became even more wealthy.

According to Investopedia, also other Blacks had jobs working in the white community in roles such as "high-paying labor jobs as maids, chauffeurs, gardeners, janitors, shoe shiners, and porters." However, they became a viable economic community by then keeping their money primarily circulating in Greenwood among each other in business.

Article On Southeast Queens Becoming The Next Black Wall Street Continues After Sponsor's Messages Below...

Please Support Our Ad Sponsors Who Make This Community News Blog Possible. And Don't Forget To Tell Them You Saw Their Ad in The Scoop!

We give you more time to focus on more important things. Protect your health and your family's safety. Learn More

We're here to serve you and provide the following services:
  • Odor Removal (Wash & Dry)
  • Folding 
  • Pickup & Delivery (Rain or Snow or Sun)
  • Bleaching and anti-viral cleaning agents for whites and colors
  • Metro Cleaning Service
CALL: 516-234-9187

BUSINESS HOURS: 7 am - 6:30 pm (Monday - Sunday)

ADDRESS: 196-16 Linden Blvd, Jamaica, NY 11412


"Building Your Credit Can Put You On The Path To Obtain Wealth"

Learn How The Good Steward App Can Help You Manage Your Credit In A Timely Manner

Learn More About the advantages of The Good Steward Financial System

Do You Want To Build Multi-generational Wealth?

Learn To Get In The SUPER Hot Sustainable Real Estate Living And Investment Industry

Discover how to own modern, innovative, and sustainable housing for home ownership or real estate investment.  Meet Jessica Lewis, founder of Mobu Enterprises, she is an award winning housing developer with over 40 years experience who is on a mission to help our community and families get on the road to wealth creation and building a better future.

To become informed on how to take advantage of 2 of the hottest emerging fields of eco-friendly real estate click here for more info or visit Shipping Living

Checkout This Essential Quarantine Reading

Without Being An Athlete, Entertainer, or Drug Dealer

Black wealth is only 10% of white wealth now. Do you know Black wealth is projected to have a median income of zero by 2053?

How can we survive a global economic crisis driven by the Coronavirus with little wealth to fall back on? Get the scoop on how highly successful entrepreneur Chuck Starks, who built one of the fastest growing US businesses, looks to show us how to survive economic downturns in his new book: "Get Rich While Black... Without Being An Athlete, Entertainer or Drug Dealer".

Checkout My Exclusive Interview with Author Chuck Starks Click Here

Article On Southeast Queens Becoming The Next Black Wall Street Continues Below...

O.W. Gurley, teamed with fellow businessman John the Baptist Stradford (called JB Stradford) to develop the Greenwood area as a prosperous self contained area in Tulsa Oklahoma.  Before the race massacre Greenwood boasted over 200 Black businesses in the area.  Greenwood AKA "Black Wall Street," was burned to the ground and about 300 Black people it was reported were murdered.

Black Wall Street had it's own hospital, movie houses, outstanding hotels and apartment houses, stores and was a successful community of about 10,000 Black people.  I've even seen accounts that some of the Black Greenwood residents were worth more than a million dollars and some even owned private plans.

However their community was to be destroyed in a race riot based on a lie where a young 17-year old white teenager Sarah Page claimed a 19-year old Black man Dick Rowland or Roland, treated her inappropriately in an elevator she was operating.

Some accounts state young Dick Roland, tripped entering the elevator and grabbed Sarah Page's arm and she screamed.  Tulsa had become a racist, segregated Jim Crow town, and Dick Roland knew he was in trouble.  Roland ran out the building but the police arrested him the next day.

According to the New York Times, One of the Tulsa white owned publications claimed untruthfully Page was assaulted.  It claimed "that day's issue of the Tulsa Tribune newspaper claimed Rowland had attacked Page and had torn her clothes."  

A white mob came to lynch Rowland and Blacks, many ex-military service men, came to protect and advocate for him.  A shootout occurred and a racial war and subsequently massacre ensued.

In the end the larger better armed white mob killed over 300 Blacks, wounded 800, and made over 5,000 Black people homeless.  I've seen figures from 10,000 to 100,000 Blacks lived in Greenwood AKA Black Wall Street at the time.

I understand Greenwood was restored by Blacks within a few years to again feature over 250 businesses.  However, whites wanting the well positioned land for business used techniques to take the land back from Blacks for inexpensive prices and redistricted the area into more of a commercial factory district.

It has been reported that when the victims of Black Wall Street were never compensated or given reparations for losing their land and homes.  Today Greenwood is only 1/2 block owned largely by non Blacks.

What are some takeaways from this racial tragedy for Southeast Queens?  We are living in a time of white nationalists and supremacist again exemplified by the Capitol insurrection.  Also Southeast Queens, many parts also with quick access to Manhattan and Long Island, are in high demand because of them being close to the LLRR.

Ways for Blacks To Become Successful Like Black Wall Street

One of the ways we aim to keep Southeast Queens viable and cutting edge as a community here at the Southeast Queens Scoop, is to do regular articles on topics like technology, real estate, investing, and small business development.

Jamaica, NY and the larger Southeast Queens area is a strong striving, middle class, and progressive community. We all know some of the world's most successful celebrities and entrepreneurs come from this historically rich and legendary area of New York City.

In fact, I took just the top 12 celebrities from Southeast Queens, people like Russell Simmons, Daymond Johns, Ja Rules, Richard Parsons, and Joe Morton (the Dad from Scandal) and combined their net worth it is over 1 Billion dollars.  Also Southeast Queens, according to the New York census and the New York Times, is the 1st and only large area in the US where: Blacks make more aggregate income than other ethnic groups in the surrounding area.

Therefore, It wouldn't be hype to draw parallels between Southeast Queens and Greenwood, Oklahoma, a suburb of Tulsa, known more in informed Black circles metaphorically as "Black Wall Street." Could Southeast Queens be equated to the modern day equivalent of "Black Wall Street?"

Both communities have their divergent upscale community features.  However, really Wall Street is the sector of the US that symbolizes its capital markets.

Southeast Queens Needs More Black Businesses Finance organizations to be like A Real Black Wall Street

In my opinion the term Black Wall Street isn't really a good moniker for Greenwood, Oklahoma.  Greenwood had a lot of local black businesses and professionals. It would be better characterized as an upscale Black Main Street.  

On the other hand Southeast Queens has a lot of working class and middle class people who work for the NYC government, corporations in Manhattan, and small businesses in Queens.  What I would like to see in Southeast Queens is more viable Black businesses in fields other than restaurants, haircare, and real estate offices.  But we may have to fund them with more robust crowdfunding campaigns made possible by the JOBS Act.

I've been in business over 20 years and here are some of my tips for Southeast Queens residents looking to start their own businesses.

The following are 7 Super Ways to
Jumpstart Your Southeast Queens Business

Before you go into a startup please be realistic.  Over 80% (actually I've read as high as 95%) of small businesses fail within 5 years.  In order to not be in that statistic learn as much about your industry and running a business in it as you can.

1. Avoid launching a business without any glimpse that it will make money - not just in your mind but in the real world.  Try to avoid taking a noncritical view of your business. Especially, if you don't have a lot of capital to waste do your due diligence before starting a business endeavor as much as possible.

2. Test in consumer shows or trade shows in your industry - if there is a viable market for what you are offering and listen to feed back to see if people are willing to spend money for what you are offering.

3. Join an existing business, even if you are a volunteer - in your industry to see how they are run before taking your leap of faith.  Learn what makes money in your industry and how to sell products and services with the most profit margins.

3. Gain inside knowledge on your industry - so you know the seasonal shifts which will affect your cash flow. If you can learn not only the operations of a business but the sales and marketing aspects as well you will be on much more solid ground running that business.

4. Discover how the major players in your industry operate - and see if you can model some of their behavior and how you can fill a niche better than your major competitors.  Save as much money as you can before you start and get mentors in your industry.

5. Clean up your credit and try to get a good source of financing to fall back on or aggressively leap forward with whether this source is an angel investor, crowd funding source, or some reliable microfinancing sources.  Create a compelling digital footprint online including an automated email follow up system, social media presence, a search engine friendly website, Google+ and Bing Local listings, and a blog.

6. Build a good team to support - you with savvy business mentors, family who can work with enthusiasm in the business, and people you trust.  You can't build a successful business by yourself - you need a team.

7. Consider doing a business plan - and run it by your support group and potential investors. I strongly suggest this.  By taking the steps above your business plan will be that much more informed and compelling to potential investors.

These preparatory moves will save you a lot of time and headache in the future. You will be in the elite 5% of business startups that actually make it.  Kamau Austin is the publisher of the Southeast Queens Scoop Blog. If you need mentoring or consulting on starting up or expanding your business in Southeast Queens contact me at

Get Promotions Or Products To Enhance Your Business or Life Below

Are You Looking To Reach Over 828,872 Prospective Black Customers Online Profitably? Let's Do it!
Social Media Blast

  Discover How This Little Known Company Helps Clients Generate Over $72 Million Dollars

See How Social Media And Black News Sites Can Profitably Promote Your Business Click Here

Give The Gift Of Beautiful And Affordable Photo Realistic Or Ethnic Art For The Holidays

World Class Sophisticated Art Can Portray Your Love This Holiday Season  - Discover Exceptional Black Art, Get Exclusive Custom Framing, and Receive Expert Photography from Renowned Local Artist Click Here


Beautify Your Home and Accentuate Your Life - Discover Exceptional Black Art, Get Exclusive Custom Framing, and Receive Expert Photography from Renowned Local Artist Click Here

Checkout Similar Articles Below


Posted by community events coordinator, Nzinga Lonstein Austin, is a prolific blogger who writes on the entertainment industry and issues for people with developmental and physical challenges.
She is presently in high school looking to have a career in video, film, and media. You can see more of her entertainment writing on Lonstein Movies.

About the Southeast Queens Scoop - is the premier website and only publication offering daily news and updates on the events, culture, issues, and is dedicated to the business and economic development in this largely black historic community.

The publication targets the over 350,000 residents in the Southeast Queen and Jamaica Queens area. It promotes to over 40,000 potential viewers in social media, mobile devices and search engines like Google and Bing!  To learn more about how to promote your business or organization on the Scoop or online Click Here

No Spam Only The Scoop On Southeast Queens

Since you are here think about this please.  Do You Want The Southeast Queens Scoop To Continue To Promote Empowering News and Events largely ignored by the corporate owned mainstream media in our area?

Since most local businesses don't have large ad budgets then please consider donating to ensure we can continue our media efforts.  We appreciate all contributions ($5, $10, $15, $20, +) no amount is too small. Please donate now below or read more on donations.

No comments:

Post a Comment