Austin Black Wall St. (ABWS) is a community of black-owned businesses in the Austin and Central Texas area. ABWS also serves as a resource for advocacy and education within the Black community.
The mission of Austin Black Wall St. is to create sustainability, and thus, leverage, within the Black community as leverage creates opportunities that are mutually beneficial.
Through ABWS, we hope to empower our community in ways that are as expansive as its member’s imaginations. Welcome to Austin Black Wall St.
HISTORY OF BLACK WALL ST.
The Greenwood community in Tulsa was a good example of how blacks worked together to build a successful neighborhood, even in the midst of such white prejudice. The Black Wall Street, or Little Africa as it was also known, has been compared to mini-Beverly Hills.
It was established in 1908 by black businessmen; and by 1921 there were over 11,000 residents operating a variety of successful businesses that were patronized by both white and black Tulsa’s. It was the golden door of the Black community during the early 1900s, and it proved that African Americans had successful infrastructure. The dollar circulated 36 to 100 times, sometimes taking a year for currency to leave the community. This community was a safe haven and provided cultural validation for the black community.