Drugs Become The Future of Black Business

    Black-owned businesses
    have flourished in the last couple of decades compared to the days of
    segregation and disparity and it shines through the faces of Oprah
    Winfrey
    , Percy Miller and Sean “P.Diddy” Combs.

    Harpo Inc.,
    Radio One Inc. and Johnson Publishing Company, are just some of Black
    Enterprise
    ‘s Top 10 Black-Owned companies in 2003.

    In the Hip Hop community companies like Roc-A-Fella Records and Sean John Clothing might stick out more than others.

    All
    in all, Black Enterprise studies also show that in 2006, although the
    health-care industry made the BE 100 list of the nation’s largest black
    own businesses, it was at the bottom of the list bringing in $123
    million dollars (only 0.5 percent) of overall sales. Media was higher
    on the list.

    The Census Bureau‘s report, “Survey of Black
    Business Owners: Black-Owned firms 2002” showed that black-owned
    businesses rose by 45 percent and the revenue increased, bringing in an
    alarming $8.8. Billion.

    DX has good news for all you non-rappers.

    At
    the top of the year, the press released news that the first black-owned
    manufacturer of active pharmaceutical ingredients in the U.S. PRWT
    Services, Inc
    . launched a deal with Merck &Co., Inc. expecting to
    bring in $100-$200 million a year.

    What does this mean for black business?

    It
    shows that Willie F. Johnson, CEO and Chairman of PRWT is the first
    black American with the rights to manufacturer pharmaceutical
    ingredients and that possibility is always an option.

    PRWT can
    now participate in an industry with tremendous growth potential and
    establish a strategic supplier relationship with Merck, one of the
    premier pharmaceutical companies in the world,
    ” said Johnson in an
    interview for PRWT.com. He continued to say that the employees of the
    company gave Merck the confidence to “complete the historical deal.

    The
    plant is based in Riverside, PA and PRWT is dedicated to discovering,
    developing and manufacturing vaccines and medicines that address unmet
    medical needs. The company also publishes health information as a
    non-profit service.

    So what does this mean for black faces in Hip Hop? You can do more than rap, design clothes and produce a track.

    It also means Jay-Z and his potential children will be well taken care of…as long as they’re insured.

    Now homie, that’s major!

    For more information: http://www.prwt.com/news.html

    Leave a Reply

    Your email address will not be published. Required fields are marked *