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Black-owned businesses have been an important part of the American economy for centuries. Despite facing significant challenges and discrimination, black entrepreneurs have persevered and created successful businesses in a variety of industries.
According to the U.S. Census Bureau, there were over 2.6 million black-owned businesses in the United States in 2018. These businesses generated over $150 billion in revenue and employed over 1 million people. The majority of these businesses are small businesses, with less than 10 employees.
Black-owned businesses are particularly important in communities with high levels of poverty and unemployment. These businesses provide jobs and economic opportunities for local residents, and can help to revitalize struggling neighborhoods.
However, black-owned businesses still face significant challenges. They often have difficulty accessing capital and financing, and may face discrimination from lenders and investors. Additionally, they may struggle to compete with larger, more established businesses in their industries.
Despite these challenges, black-owned businesses continue to thrive and make important contributions to the American economy. By supporting these businesses, we can help to create a more equitable and inclusive economy for all Americans.
Chef Boyzie & Mi Sun, Owners
Chata Holt, Esq. , Founder
Quincy Branch, RHU, EHBA , Founder
Ryan Lewis, Owner
Mario Berlanga, Owner
Ashley Q. Tillman, Realtor
Joseph C. Abraham, Founder