Minority business grants can offer you great opportunities to change your future. The Philadelphia Inquirer reported that the company will be spending $500 million of that to invest directly into black-owned firms and start-ups. Black business owners account for about 10 percent of US businesses and about 30 percent of all minority-owned businesses, according to the US Census.
In the United States alone, there are nearly 2.6 million small black-owned businesses, according to the Census Bureau. His organization conducted a study in 2018 that sent Black, white and Latino men into Los Angeles-area banks to inquire about small-business loans under $100,000 to test whether there were
nexos.ufsc.br differences in treatment by race.
There is no time in history when Black Americans have been compensated on a quid quo pro basis for political contributions that have been made. Today, his net worth is estimated at almost $4 billion, and his company topped this year's BE 100s list of the nation's largest black-owned businesses.
Of the $200 million Facebook is promising, $100 million will be earmarked for Black-owned businesses, creators and non-profits. In that same time frame, 38% of Black-owned small businesses did not receive any of the financing they applied for, compared with 33% of Latino-owned businesses, 24% of Asian-owned businesses and 20% of white-owned businesses, the report said.
The home-building industry requires significant working capital, and Black business owners can face obstacles borrowing from traditional lending institutions. For those looking to support businesses like Davis' and Surrey-Thomas', there are many to choose from across metro Atlanta.