The Buzz: Celebrate and Support Black Entrepreneurs!
August is designated as Black Business Month. It is a time to celebrate, acknowledge, and uplift Black business owners. According to statistics, 10% of all businesses in the U.S. are Black-owned and 30% of all minority businesses are Black-owned. And since the pandemic started there has been a 30% rise in Black business ownership despite only 29% of Black business owners receiving government support during the COVID crisis, versus 60% of white business owners. Black women are the major reason for this surge.
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