Owned Businesses — And Why It's Important

2020.06.29 18:49

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Buying Black to Support Black Owned Businesses, Reduce Unemployment and Improve Our Communities. The disproportionate struggles facing black small business owners come as their communities are already bearing the brunt of public health crises : Black people are more than twice as likely as other Americans to die of the coronavirus and much more likely to be victims of police violence.

PayPal has created a $10 million fund to provide grants up to $10,000 to more than 1,000 Black-owned small businesses across the United States. To help get you started, I've gathered a few of my favorite Black-owned maternity and baby product vendors for you to check out.

According to the Small Business Administration, only 4.5 percent of blacks own their own business, compared with 7 percent of Latinos and 11 percent of white and Asian Americans. In 2010, they started the McBride Sisters Wine Collection , which is now the the largest African-American-owned wine company in the United States.

APISBP is a collaboration of five community-based organizations, formed to assist the development of small and micro businesses in Los Angeles with a particular focus on low-income immigrants of Chinese, Filipino, Japanese, Korean and Thai descent. Available in both the Apple and Google play app stores, the Katika app allows you to find businesses or shop for products with your smart phone.

February is Black History Month in the U.S. and Canada, so let's celebrate by looking at some examples of successful black-owned businesses. So to find contacts who can give your business work, think about the types of people who are in contact with the type of services you provide.

At MEDA, he was committed to addressing racial economic inequities by fostering minority business development in Minnesota through MEDA's proven market-based solutions. Only 17 percent of white small business owners said the same, according to an analysis of government data by Robert Fairlie of the University of California, Santa Cruz.

But the investments aren't only about making profit—the company also invests in people and in the development of South Africa, both through partnerships with the firms it invests in and through its own mentorship programme, which currently provides individual mentoring and support to 66 young black professionals.

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