When it comes to brands of tea, Lipton is considered as one of the most highly known brands of tea in the world. By diverting your purchasing power to more Black-owned businesses, you're not only helping to strengthen local Black economies — it can also contribute to shrinking the racial wealth gap , foster more job creation for Black people, and help to hold larger companies accountable in regard to diverse representation.
Cleartech Group , a 2020 minority-owned small business of the year , this Leominster-based firm specializes in providing technical assistance to small- and medium-sized businesses in Massachusetts. There were more than 1 million black-owned businesses in the U.S. at the beginning of February, according to research from the University of California at Santa Cruz, which drew from Census survey estimates.
But there's another way Americans can continue to address inequality over the long term: They can put their money where their mouth is and spend their cash at black-owned businesses. Administrative Support, waste management, and remediation services made up 11% of Black owned firms totaling 294,977.
Kwanzaa is a dedicated holiday in the African American community where they can come together for once and celebrate "all things black" in a positive and fruitful light. But after nine years—and one more café—Konte founded Red Bay Coffee Roasters , one of the country's few Black-owned specialty coffee companies.
EatOkra: Featuring over 1,700 businesses, this app allows users to search for Black-owned restaurants in D.C. and in other major U.S. cities. In addition to these resources for donating, learning, and joining the fight, an important step you can take today is to provide monetary support and amplification to these businesses that are Black-Owned and Black-Operated.
The top earning industries in Black owned businesses are in Health care & Social assistance, and the Retail Trade sectors totaling more than $41 billion in receipts. This means black business owners are more likely to run out of operating funds to keep their businesses afloat while customers are staying at home.
Internet pay giant, Paypal , has now stepped forward condemning the systemic oppression and unveiled its plan to
support black businesses and help them thrive. I am honored to highlight the significant role that African Americans have made in shaping our economy through entrepreneurship and community investment.