The Black Wall Street of Mississippi
After several banks rejected his loan request, Tony A. Reimonenq Jr. of Reimonenq & Co. L.L.C. remained resilient and closed a $1 million deal on a property he wanted before it ever went on the market for sale.
Along with his wife, and three sons, Reimonenq purchased a 20-unit strip mall in the Oak Grove community of Hattiesburg, Mississippi, with plans to transform the location into a version of the original Black Wall Street in Tulsa. According to Black Business, the establishment will be named Greenwood Plaza. It will offer spaces for the purpose of empowering entrepreneurs to set up shop.It will be located on Old Highway 11 in the Oak Grove area.
In 2022, the Small Business Administration’s District Director, Janita Stewart, said the plaza is ideal for trade schools, supply stores, barber shops, beauty salons, insurance, real estate brokers, medical offices, lending institutions, caterers, florists, and events or corporate meetings. Free monthly money management workshops and business growth programs will be provided as well.
Here are several other Black Wall Streets across the nation:
- AfricaTown (near Mobile, Alabama)
- Allensworth (California)
- Beech Settlement (Indiana)
- Blackdom (New Mexico)
- Brooklyn (Illinois)
- Dearfield (Colorado)
- Eatonville (Florida)
- Ellis Alley (San Antonio, Texas)
- Hobson City (Alabama)
- Lyles Station (Indiana)
- Mound Bayou (Mississippi)
- Sandy Ground (New York)
Celebrate Juneteenth 2023 with BLACK ENTERPRISE with month-long content that explores the history of prosperity and banking, and the future of investing and financial literacy for Black communities.
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