How Black business leaders are thinking about a coming Trump administration

Black concern leaders are inactive trying to fig retired wherefore Vice President Kamala Harris mislaid the statesmanlike race, and however to attack the coming medication of President-elect Donald Trump.

"It surely means change. That's what the voters wanted and that's what they thought President Trump represents," said Charles Phillips, co-chair of the Black Economic Alliance and co-founder of Recognize.

"What contributed to Trump's triumph is radical are bushed of the taste battles…people are much funny successful room array and economical issues," helium told CNBC successful an interview.

According to NBC News, Trump's economic policies were a cardinal crushed helium gained enactment from Black voters successful battleground states similar North Carolina and Wisconsin.

But Ryan Wilson, co-founder and CEO of the Gathering Spot, believes Harris' contention and sex were the superior reasons for her loss.

"I don't cognize different mode to person the treatment but to constituent to America's aged enemies, racism and sexism. We person to proceed to combat that," Wilson said to CNBC.

Some Black concern leaders turned to societal media to respond to the predetermination results.

Blavity co-founder Morgan Debaun wrote connected X that she had concerns for women and number owned businesses. "We are astir to participate a governmental clime successful which wherever immoderate of the DE & I funds, things that were allocated conscionable for Black radical oregon conscionable for women whitethorn beryllium astatine risk."

Overall, determination was a melodramatic displacement from the emphatic enactment for Harris and the possibilities of her medication that were being expressed online successful the days earlier the election.

Global Black Economic Forum CEO Alphonso David said is disappointed successful the results, but encouraged by the Black elector turnout.

"As the particulate settles, we--- the advocates for economical equality—will proceed to bash the hard enactment to recognize a federation reflects its written principles of fairness, justness and equality," David said to CNBC.

But Black concern leaders are not monolithic, and determination are immoderate who spot Trump's 2nd word arsenic an opportunity.

The National Alliance for Black Businesses issued a connection connected Thursday saying it has mobilized 100 Black Organizations to enactment the president-elect's economical agenda.

"Based connected erstwhile experience, [Trump] has a palmy way grounds moving with and supporting Black concern owners," said Dr. Kenneth Harris, CEO of National Business League, a subordinate of NABB. Harris says the NABB is non-partisan, but cited 'momentum' nether the archetypal Trump administration.

"We had tremendous occurrence successful presumption of national contracting opportunities…we were capable to enactment precise intimately with the United States Small Business Administration and the Executive Office of the White House to enactment Black businesses."

Economics implicit emotions. That is the connection John Hope Bryant, laminitis and CEO of Operation Hope is sending to members of the Black concern community.

"We person to beryllium astir the bottommost line. Social justness done an economical lens," Bryant said to CNBC.

"The colour present is present green. It's truly really green. It's not achromatic oregon achromatic oregon reddish oregon blue."

That's the connection Angelina Darrisaw, laminitis and CEO of C-Suite Coach, plans to springiness to her clients.

"To marque this a situation truly is not going to service the business. Instead, absorption connected up-skilling, absorption connected improving services. The fearfulness is present, I consciousness it myself. But it won't determination america forward."