Business & Brews was founded as a networking event to bring African American men together in a safe space to share business ideas, goals, triumphs and challenges among a safe group of their peers. Since its inception we have hosted numerous networking events and helped to foster relationships between its participants. Some of the connections have been mind blowing! As we prepare for this week's Business & Brews event on Thursday I wanted to highlight 2 African American business men that helped to pave the way for our current Kings to thrive within their own businesses.
Arthur G. Gaston Sr. (1892-1996) was a prominent businessman and philanthropist in Birmingham, Alabama. He founded the Booker T. Washington Insurance Company, which grew into a financial powerhouse, and was a key figure in the Civil Rights Movement. In 1923 Mr. Gaston started the insurance company with $500 which was a lot of money back then. White insurers refused to insure African Americans during this time. With only a 10th grade education he used his ambition to diversify his portfolio and established a motel, radio station, real estate company and a bank.
Of course Mr. Gaston was also instrumental in supporting the civil rights movement and financially backed Dr. Martin Luther King, Jr. in his fight for equality. Along with his business acumen, he had a heart for social justice. I am so proud of what Mr. Gaston was able to achieve during the challenges of racial injustice and segregation. He built a multimillion dollar business through dedication, sweat and tears.
Henry Parks (1916-1989) is the founder of Parks Sausage, a Baltimore-based sausage company. Mr Parks built a multimillion dollar company selling breakfast sausages. In 1970 Parks Sausage was the first black owned company to be traded on NASDAQ . This was a huge accomplishment coming off the cusp of desegregation. Parks Sausage was established in 1951 and didn't suffer any losses until it was sold to a white company in 1977. Eventually Mr. Parks regained control of the company again.
Both of these African American men were smart businessmen but they also had several failed attempts at other businesses. However, they never faltered and realized the importance of creating a legacy for their families. I encourage you to share our Business & Brews invitation with an African American male who you think would benefit from being in a room with like minded, motivated individuals. We would love to see them on Thursday.
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