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In 2020, the “Black-owned” label became a beacon for those seeking to support Black businesses — but it has also brought a backlash. ‘Tis the season for shopping and — for many — the ...
39% of Black-owned businesses were owned by Black women in 2021, while men owned 53%. In the 2023 fiscal year, the SBA backed 4,781 loans to Black-owned businesses, totaling $1.45 billion. Over 3. ...
While the average annual revenue for all white-owned Knoxville businesses was $574,000, that number was around $65,000 for all Black-owned businesses, Biggs said.
— The National Negro Business League Historian Juliet Walker calls 1900–1930 the "Golden age of black business." According to the National Negro Business League, the number black-owned businesses doubled from 20,000 1900 and 40,000 in 1914. There were 450 undertakers in 1900 and, rising to 1000. Drugstores rose from 250 to 695. Local retail merchants – most of them quite small – jumped ...
Black-owned brands carry an additional responsibility that white-owned brands don’t. That responsibility is reflected in creating space in an environment that largely ignores Blackness. This ...
Website. blackenterprise .com. ISSN. 0006-4165. Black Enterprise (stylized in all caps) is an American multimedia company. A Black-owned business since the 1970s, its flagship product Black Enterprise magazine has covered African American businesses with a readership of 3.7 million. [2] The company was founded in 1970 by Earl G. Graves Sr.
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