BFBI aims at changing the economic landscape for the Black community by addressing the growing disparity between Black spending power and Black wealth 

With Black spending power hitting nearly $1 Trillion annually, there is no reason for our families to live in economically depressed communities. We (Blacks) comprise 13% of the US population and yet one out of five Black families lives in poverty. There is also no reason for Black owned businesses to struggle. We must reinvest our dollars in our community and the Black Friday initiative strives to provide real, attainable solutions to end these disparities

A Small Business Administration report notes that Blacks own 5% of all US firms and only 1.8% of those companies employ more than one person. What’s most alarming is that more than half of the Black-owned businesses had less than $10,000 in business receipts in 2002, compared with one third of white-owned firms and 28.8 percent of Asian-owned firms. The report also concluded that for every dollar that a white-owned firm made, Pacific Islander-owned firms made about 59 cents, Hispanic-, Native American-, and Asian-owned businesses made 56 cents, and Black-owned businesses made 43 cents on average.