The Negro Factories Corporation was the finance arm of the Universal Negro Improvement Association. A cornerstone of Garvey’s vision for black economic independence, the Negro Factories Corporation was created with the goal of supporting businesses that would employ African Americans and produce goods to be sold to black consumers. Garvey envisioned a string of black-owned factories, retailers, services and other businesses, and hoped that the corporation would eventually be strong enough to power and sustain an all-black economy with worldwide significance.
The Negro Factories Corporation was incorporated in the state of Delaware on January 30, 1920 by Garvey, William Ferris and John G. Bayne. Amy Jacques Garvey was secretary of the corporation, and Cyril Henry was its treasurer. In May 1920, just months after its founding, Garvey reported that the corporation had taken over the management of a Harlem steam laundry and would soon open a millinery and hat factory. By June 1920, the Negro Factories Corporation had opened the Universal Steam Laundry, with a Universal Tailoring and Dress Making department, at 62 West 142nd Street in Harlem. At this location, U.N.I.A. uniforms and insignia were manufactured, and fashionable clothing was designed for U.N.I.A. fashion shows at Liberty Hall, the U.N.I.A.’s international headquarters. The Negro Factories Corporation also supported three grocery stores in Harlem, one on 135th Street and two on Lenox Avenue; two restaurants, one on 135th Street and the other at Liberty Hall; and a printing press.
Local U.N.I.A. branches were urged by Garvey to own their own buildings, and they sometimes launched businesses as well. For example, the Colon, Panama branch of the U.N.I.A. ran a cooperative bakery, while the Kingston, Jamaica branch ran a laundry and a cooperative bank, the shares of which were available to U.N.I.A. members only. Garvey’s vision for economic self-reliance extended beyond the Negro Factories Corporation. U.N.I.A. branches often acted as mutual aid societies, providing death benefits, small loans, and employment assistance to members.
The Negro Factories Corporation never achieved the scope or influence Garvey envisioned, but U.N.I.A. businesses provided an important beacon of hope for African Americans, who were shut out of large segments of the job market and the economy. At their height, U.N.I.A. businesses employed hundreds of people in Harlem.
Ultimately, the Negro Factories Corporation fell victim to organizational mismanagement as well as unrealistic hopes. It became insolvent in 1921.
Harlem is a large neighborhood in the northern section of the New York City borough of Manhattan. Since the 1920s, Harlem has been known as a major African-American residential, cultural and business center. Originally a Dutch village, formally organized in 1658, it is named after the city of Haarlem in the Netherlands. Harlem’s history has been defined by a series of economic boom-and-bust cycles, with significant population shifts accompanying each cycle.
African-American residents began to arrive in large numbers in 1905 as part of the Great Migration. In the 1920s and 1930s, Central and West Harlem were the focus of the “Harlem Renaissance”, an outpouring of artistic work without precedent in the American black community. However, with job losses in the time of the Great Depression and the deindustrialization of New York City after World War II, rates of crime and poverty increased significantly. Harlem’s African-American population peaked in the 1950s. In the second half of the 20th century, Harlem became a major hub of African-American businesses. In 2008, the United States Census found that for the first time since the 1930s, less than half of the residents were black, comprising only 40% of the population.
Since New York City’s revival in the late 20th century, Harlem has been experiencing the effects of gentrification and new wealth. (Wikipedia).