Throughout the decades that followed the Civil Rights Movement, the African American population had made considerable strides throughout terms of education and economic well-being. When the US economy changed, some lands that African Americans lost were reclaimed. Black men and women had not been allowed to own land not long before. In the 90s, Black American’s faced constraints of violence and equality, including the abolition of the right to vote, among other forms of ethnic discrimination among racist legislation. Nevertheless, in Black communities where alienation and racism were the norms, a sense of community, and faith bloomed. Black people gave each other room to support families, security, and the economy. One hundred years later, Black communities prospered, and economic power was developed. Black Wall Street in the Greenwood area of Tulsa, Oklahoma, was a prime example of this growth.
Black Americans in Tulsa Oklahoma
Greenwood in Tulsa, Oklahoma, is a historic colony for independence. Popularly recognized as the "Black Wall Street," one of the largest gatherings of African American enterprises in the United States at the beginning of the 20th Century. It was a prosperous neighborhood in Greenwood at the start of the 1900s. It was home to vibrant Black businesses and colleges, as well as the social welfare and reasonable distribution of wealth in its centers and upwards. The city reports that it had more than 10,000 African American citizens, most of whom prospered. It was a symbol of a self-supporting and healthy culture. The Blacks were mutually supportive, allowing better access to capital, investments, accommodation, employment, education, and health.
Oklahoma had its first oil well in 1897, with the African Americans expanding and prospering. Although the finding has been celebrated in the Great Depression for creating economic prosperity and stability in Oklahoma, it attracted numerous exploration firms in the 1920s. This oil discovery offered economic opportunities for black people.
THE ECONOMIC DEVELOPMENT IN TULSA OKLAHOMA
As the recession has caused the US economy to collapse dramatically, many African Americans have suffered as a result of housing and financial crises. Tulsa, Oklahoma - the second largest city in Oklahoma-with many African Americans, emerging from the Great Recession.
First, the city encourages an environment conducive to almost all sized company and a highly trained workforce, which is inspired to achieve performance. Companies consider Tulsa an excellent place to do business and either move or grow their businesses in the Black American area. AT&T Dish Network, Capital One Auto Finance, Spirit, the Avis Budget Group, and Arrow Engine Business are among several recent expansions. Tulsa is appealing, for both workers and employers, with an unemployment rate level of about 5.3 percent, a slight rise of 2 percent, per capital income above the national average, and a 10-percent lower housing costs. Tulsa's sales tax revenue, however, increased dramatically by 19.2% over the same month in 2011 for April 2012. This raises the city's income from sales taxes in its eighth consecutive month.
Furthermore, in the recent downturn of the African Americans, home prices in Tulsa have been retained, and a new study shows that this region has the third-highest rate of domestic price increases in the world. This report, collected by the Zillow real estate platform and reported on the Inman News website, shows that home prices increased by 4.9 percent between February 2011 and February 2012 in Tulsa and has been on the high side since then.
Education still appears to remain in Tulsa, Oklahoma, given persistent rises in running expenses, caseload, and inscriptions that are handled by constant budgetary and cost cuts. Budget 2013 recommends that nearly all departments, including education, be funded flatly as the African Americans choose education as priorities for their wards
In the past two years, Tulsa has undergone an economic revival amid the financial woes of the nation and the State. Tulsa's Future, a continuing economic growth program of the Tulsa Metro Chamber of Commerce public-private mobility consisting majorly the African Americans, was a driving force behind the campaign. Tulsa's Future was sponsored by 125 donors, 22 cities, three counties, and three African American families." In its second step, the program now aims to enhance the business environment of Tulsa and to have a systemic approach to economic development.
The strategy seems to work. Today, the organization has over 31 established districts. It is centered on a handful of sectors with the highest potential for growth: advanced manufacturing, aerospace and aviation, energy, health, medical services, transport, and information security.
Due to its access to domestic and international markets via air, trains, and water, other companies, particularly those who do business overseas, choose Tulsa. The city houses the 500-acre port of Catoosa, which is surrounded by an industrial park spanning 1,500 acres. The international freight carriers and five major airlines are based in Tulsa International Airport. Two leading and four short-range railway carriers also serve the area.
In the center of Tulsa, economic growth also occurs, with over $350 million in private finance being invested in projects underway or expected. With properties to rent or purchase until completed, the city has under construction two modern, small hotels, a 14-story office building, a garage with eight floors, and two museums under renovation. And Tulsa opens a new joint medical facility of the University of Tulsa and Oklahoma University.
With the economic development of Oklahoma by African Americans. The city recognizes that it has to focus on new employment and economic growth in order to continue its upward trajectory. City officials are preparing to develop a new capital project of at least 1 billion dollars over the next four years. It is a high order to achieve this aim. It seems that the region's chamber is strongly led and directed and positive change is possible.