The New Black Wall Street in Atlanta is in mourning following the death of Lecester “Bill” Allen, a pioneering businessman who passed away last week at the age of 80. Allen, affectionately known as “The Wiz,” was a visionary leader who founded the Black-owned market space by Stonecrest Mall, aiming to pay homage to the original Black Wall Street in Tulsa, Oklahoma. His death has left a profound void in the community, where he was deeply respected and admired.
In a heartfelt statement, Allen’s family expressed their deep sorrow and immense gratitude for having been alongside him during his final moments. “Last week, our family was deeply saddened yet grateful to be alongside a truly remarkable businessman and passionate community servant as he passed at the age of 80,” the statement began. They went on to highlight Allen’s significance as a beloved figure in Stonecrest, Georgia, and an iconic businessman who inspired countless entrepreneurs throughout Georgia and across the nation.
Bill Allen was celebrated for his ability to see potential where others saw obstacles. His innovative spirit and commitment to economic independence for African American and minority entrepreneurs led him to create numerous platforms for business growth and community resilience. The New Black Wall Street Market, which he founded in Stonecrest, Georgia, stands as a testament to his vision of revitalizing the spirit of the original Black Wall Street in Tulsa.
The New Black Wall Street Market was not just a business venture; it was a mission to recreate and honor the legacy of the original Black Wall Street in Tulsa, Oklahoma. The original Black Wall Street was a thriving African American business district that was tragically destroyed during the Tulsa Race Massacre of 1921. Allen’s market aimed to provide a space where Black entrepreneurs could thrive, fostering a sense of community and economic empowerment.
Allen’s entrepreneurial efforts extended beyond the market space. He established the Allen Entrepreneurial Institute, an organization dedicated to empowering marginalized communities by providing resources, mentorship, and networking opportunities. This institute has been a beacon of hope and a critical resource for aspiring entrepreneurs. It offered training programs, workshops, and access to a network of successful business leaders, helping individuals turn their business ideas into reality.
As the largest commercial landowner in Stonecrest, Allen’s influence and initiatives garnered worldwide support, significantly contributing to the city’s economic development. His efforts have led to the creation of numerous jobs and opportunities, transforming the economic landscape of Stonecrest. The market and the institute have become central hubs for economic activity, drawing visitors and investors from across the region.
Throughout his life, Bill Allen was devoted to promoting African American prosperity. His efforts included increasing the number of minority- and women-owned establishments and contributing more than $100 million to students at Historically Black Colleges and Universities (HBCUs). Allen’s work aimed to break down barriers and reshape economic landscapes, leading to increased visibility and support for Black-owned businesses.
Allen’s legacy is marked by his relentless pursuit of “Ownership, Ownership, Ownership,” a mantra that underpinned his numerous initiatives aimed at fostering economic independence within the African American community. His family has vowed to continue his work with the same spirit and determination, ensuring that his vision for the City of Stonecrest and the broader community is fully realized.
The loss of Bill Allen is deeply felt not only by his family but also by the wider community. His initiatives have left an indelible mark on Stonecrest and beyond, influencing a generation of entrepreneurs and fostering a spirit of resilience and economic empowerment. The New Black Wall Street Market and the Allen Entrepreneurial Institute are just two of the many legacies that continue to inspire and support economic growth and independence.
Tributes have poured in from colleagues, friends, and community leaders who admired Allen’s work and dedication. The outpouring of support underscores the profound impact he had on the lives of many and the enduring legacy he leaves behind. Community members and leaders have shared their memories and expressed their condolences, emphasizing Allen’s role as a mentor, leader, and visionary.
Bill Allen was not just a businessman; he was a mentor, a leader, and a friend to many. His personal connections with individuals in the community were characterized by genuine interest and a desire to see others succeed. Stories from those who knew him best highlight his generosity, wisdom, and the personal touch he brought to every interaction. Whether through a kind word, a piece of advice, or a helping hand, Allen made a lasting impact on countless lives.
Allen’s philosophy of “Ownership, Ownership, Ownership” was more than a slogan; it was a guiding principle that informed all of his actions. He believed that economic independence was the key to true empowerment for the African American community. This belief drove him to create opportunities where none existed, to build institutions that supported growth, and to foster a culture of entrepreneurship and self-reliance.
The New Black Wall Street Market is a vibrant testament to Allen’s vision. The market features a wide array of Black-owned businesses, from retail shops and restaurants to professional services and entertainment venues. It serves as a central gathering place for the community, fostering economic activity and cultural exchange. The market has become a symbol of what is possible when vision, determination, and community come together.
One of Allen’s most enduring legacies is his commitment to empowering the next generation of leaders and entrepreneurs. Through the Allen Entrepreneurial Institute, he provided young people with the tools, resources, and mentorship they needed to succeed. His work has inspired countless individuals to pursue their dreams and build successful businesses, contributing to a more vibrant and inclusive economy.
Allen’s family and close associates have expressed their determination to continue his work. They have pledged to carry forward his vision, ensuring that the New Black Wall Street Market and the Allen Entrepreneurial Institute continue to thrive and expand. This commitment is a testament to the strength of Allen’s legacy and the impact of his life’s work.
In the wake of Allen’s passing, the community has come together to honor his memory and support one another. Memorial services and community gatherings are being planned, providing an opportunity for people to share their memories, express their grief, and celebrate Allen’s life. These events are a reflection of the deep bonds that Allen helped to forge within the community.
Allen’s work has had a ripple effect far beyond Stonecrest. His vision and initiatives have inspired similar efforts in other communities, contributing to a broader movement for economic empowerment and community development. His legacy serves as a model for what can be achieved when individuals are committed to making a difference and working together towards a common goal.
Numerous stories have emerged highlighting the personal impact Allen had on individuals. From entrepreneurs who found their footing through his mentorship to students who benefited from his scholarships, the testimonials paint a picture of a man who was deeply committed to making a positive difference. These stories are a powerful reminder of the far-reaching influence of Allen’s work.
Allen’s contributions to HBCUs and other educational institutions reflect his belief in the transformative power of education. His generosity has opened doors for many young people, providing them with opportunities to pursue higher education and achieve their dreams. This legacy of giving continues to inspire others to support educational initiatives and invest in the future.
Allen’s focus on economic independence for the African American community was driven by a deep understanding of the historical and systemic challenges faced by Black entrepreneurs. His work aimed to address these challenges by creating supportive environments where businesses could thrive. This approach has had a lasting impact, contributing to the growth and sustainability of Black-owned businesses.
In addition to his entrepreneurial efforts, Allen was a strong advocate for policies that supported economic development and equity. He worked with local and state officials to promote initiatives that benefited minority-owned businesses and fostered inclusive economic growth. His advocacy efforts have left a lasting impact on policy and continue to influence discussions on economic equity.
As the community and Allen’s family continue to navigate the loss, they remain focused on the future. Plans are underway to expand the New Black Wall Street Market and enhance the offerings of the Allen Entrepreneurial Institute. These efforts are a testament to the enduring nature of Allen’s vision and the community’s commitment to carrying it forward.
Allen’s life and work serve as a call to action for individuals and communities to embrace the principles of ownership, empowerment, and community support. His legacy challenges us to look beyond obstacles, see potential, and work together to create a more inclusive and prosperous future.
The death of Lecester “Bill” Allen marks the loss of a pioneering figure in the movement for African American economic empowerment. His work with the New Black Wall Street and the Allen Entrepreneurial Institute has left a lasting legacy that will continue to inspire and uplift future generations. As the community mourns his passing, they are also committed to honoring his legacy by continuing his work and ensuring that his vision of economic independence and community resilience lives on. The memory of Bill Allen, “The Wiz,” will be cherished by all who knew him and benefited from his unwavering dedication to creating opportunities and fostering growth.
In reflecting on Allen’s life, we see a portrait of a man who was not only a successful businessman but also a dedicated mentor, a generous benefactor, and a visionary leader. His contributions to the community of Stonecrest, and to the broader movement for economic empowerment, have created a foundation upon which future generations can build. As we move forward, let us carry with us the lessons of his life: the importance of ownership, the power of community, and the enduring impact of giving back.
