Business

Detroit’s Black McDonald’s Owners Facing A Whopper of a Dilemma

MICHIGAN CHRONICLE — Last November a small contingent of Detroit’s Black McDonald’s Operators Association (BMOA) members gathered at a McDonald’s restaurant on West 8 Mile to pick up and hand out turkeys to families in the area. It’s not the kind of gesture most people would expect from a McDonald’s franchise owner but was entirely consistent with the sense of community and commitment from this small group of African American entrepreneurs.

Published

7 years ago

June 15, 2019

Patreice A. Massey

By Trevor W. Coleman

Last November a small contingent of Detroit’s Black McDonald’s Operators Association (BMOA) members gathered at a McDonald’s restaurant on West 8 Mile to pick up and hand out turkeys to families in the area.

It’s not the kind of gesture most people would expect from a McDonald’s franchise owner but was entirely consistent with the sense of community and commitment from this small group of African American entrepreneurs.

It was a display of the commitment the Detroit BMOA has shown the community for the nearly 50 years of its existence as a group of local businesses committed to excellent customer service and community service.

But now, some members are concerned that the organization has fallen on hard times as its member ship has consistently shrunk over the past decade.

Bill Pickard, an original founding member of the Detroit BMOA said the once nearly 25 strong Detroit group is now down to eight or perhaps nine members.

“We probably had 20 owners or more at one time and now we’re down to less than 10,” he said. That’s a 50 percent drop off man. Of the remaining 8 or nine franchises in Detroit, half are in trouble. What happened?”

So concerned with the viability of the Detroit franchises and organization, the national BMOA Board of Directors is holding a regional meeting this week at the MGM Grand Casino Hotel in Detroit to assess the situation.

Pickard, who owns a McDonald’s at Michigan Ave. and Livernois, said they don’t hold those kinds of meetings locally unless there are real concerns. And he has his suspicions regarding the problems.

“Basically, we have many people who are not eligible for growth. And they’ve had to make major reinvestments in the last couple of years. And if you are already highly leveraged and you must make more investments it’s just a difficult amount of pressure on an organization,” he said.

Bernard Price, a retired franchise owner and one of the founding members of the BMOA agreed. He said although he sold his McDonald’s in 1994, many of the same pressure exist today such as a constant demand by corporate to make renovations and other major capital improvements with scarce resources.

“Over time many black operators didn’t make it,” he said. “They left because of a lack of business acuity or their own problems, and sometimes not.”

“Sometimes it was the company’s fault because when they did give us a store, they gave us one of the poorest stores. So, we started off as disadvantaged no doubt,” Price said.

That is why they formed BOMA to leverage whatever influence they had together to get better terms with the corporation, he noted.

On its website, the National Black McDonald’s Operators Association (NBMOA) calls itself the largest organization of established African American entrepreneurs in the world. It is a 47-year old Organization dedicated to ensuring that African American McDonald’s Owners are fully engaged in all the benefits associated with owning McDonald’s restaurants.

The NBMOA goal is the complete integration of NBMOA members, African American Employees, and Vendors into the McDonald’s system. The NBMOA also works diligently to make sure that McDonald’s fully engage the African American community in a respectful and positive manner.

Price, the NBMOA and Detroit organization co-founder said he hopes for the best.

This article originally appeared in the Michigan Chronicle.

Patreice A. Massey

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Oakland Post: Week of March 18 – 24, 2026

The printed Weekly Edition of the Oakland Post: Week of March 18 – 24, 2026

Published

2 weeks ago

March 22, 2026

Oakland Post

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Advice

Financial Wellness and Mental Health: Managing Money Stress in College 

While everyone’s financial situation is unique, several common sources of stress have the potential to strain your financial health. These include financial and economic uncertainty, existing debts, unexpected expenses, and mental or physical health changes. Financial stress may differ from situation to situation, but understanding the factors contributing to yours may help you begin to craft a plan for your unique circumstances.

Published

3 weeks ago

March 17, 2026

Oakland Post

Sponsored by JPMorganChase

As a college student, managing financial responsibilities can be stressful.

If you’ve found yourself staying up late thinking about your finances or just feeling anxious overall about your financial future, you’re not alone. In one survey, 78% of college students who reported financial stress had negative impacts on their mental health, and 59% considered dropping out. While finances can impact overall stress, taking steps to manage your finances can support your mental, emotional and physical well-being.

When it comes to money, the sources of stress may look different for each student, but identifying the underlying causes and setting goals accordingly may help you feel more confident about your financial future.

Consider these strategies to help improve your financial wellness and reduce stress.

Understand what causes financial stress

2. Determine your financial priorities

Start by reflecting on your financial priorities. For students this often includes paying for school or paying off student loans, studying abroad, saving for spring break, building an emergency fund, paying down credit card debt or buying a car. Name the milestones that are most important to you, and plan accordingly.

3. Create a plan and stick to it

While setting actionable goals starts you on the journey to better financial health, it’s essential to craft a plan to follow through. Identifying and committing to a savings plan may give you a greater sense of control over your finances, which may help reduce your stress. Creating and sticking to a budget allows you to better track where your money is going so you may spend less and save more.

4. Pay down debt

Many students have some form of debt and want to make progress toward reducing their debt obligations. One option is the debt avalanche method, which focuses on paying off your debt with the highest interest rate first, then moving on to the debt with the next-highest interest rate. Another is the debt snowball method, which builds momentum by paying off your smallest debt balance, and then working your way up to the largest amounts.

5. Build your financial resilience

Some financial stress may be inevitable, but building financial resilience may allow you to overcome obstacles more easily. The more you learn about managing your money, for instance, the more prepared you’ll feel if the unexpected happens. Growing your emergency savings also may increase resilience since you’ll be more financially prepared to cover unexpected expenses or pay your living expenses.

6. Seek help and support

Many colleges have resources to help students experiencing financial stress, like financial literacy courses or funds that provide some assistance for students in need. Talk to your admissions counselor or advisor about your concerns, and they can direct you to sources of support. Your school’s counseling center can also be a great resource for mental health assistance if you’re struggling with financial stress.

The bottom line

Financial stress can affect college students’ health and wellbeing, but it doesn’t have to derail your dreams. Setting smart financial goals and developing simple plans to achieve them may help ease your stress. Revisit and adjust your plan as needed to ensure it continues to work for you, and seek additional support on campus as needed to help keep you on track.

 JPMorgan Chase Bank, N.A. Member FDIC