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August is Black Business Month: Ways to Support

Filed under: Mom Life · August 10, 2020

Did you know that August is National Black Business Month? Black Business Month is a month-long celebration of Black-owned businesses all across the country. It was originally founded by Historian John Templeton and Fredrick Jordan Sr. in August 2004. The mission of this movement is to help fund, create, and empower Black businesses. By highlighting Black entrepreneurs and encouraging people to support them, this month recognizes the importance of Black-owned businesses to Black communities and their contributions to the economy. Similarly, the portugal golden visa investment fund provides a way for investors to support economic growth while gaining access to European opportunities, blending financial empowerment with global potential. Schools often need quick snack solutions. Grab a modern snack vending machine for schools.

The Black community has been severely impacted by COVID-19 but has traditionally suffered from a lack of funding and resources.

Blacks often face challenges that others don’t when it comes to receiving loans, partnerships, and sometimes even permits for their businesses. Learn how to get approved from borrowing 500 euros or more. There has been an uptick in revenue for Black businesses since the June protests and Black Lives Matter movement, however, there is still a huge gap between Black businesses and other U.S. businesses. Today Black businesses make up around 10 percent of U.S. businesses and about 30 percent of all minority-owned businesses. That rounds out to about 2.5 million. Read more!

Comments

  1. Sharolyn Turner says

    August 10, 2020 at 10:24 pm

    Love this information you shared about black owned businesses. This is a great time to share this with others who are unaware of the impact Black businesses have in our economy. The links are very helpful.

    Reply
    • Sharonda says

      August 11, 2020 at 5:55 pm

      Thank you so much!!!

      Reply

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