Blair Reeves |
August is National Black Business Month, a month in which black businesses and entrepreneurs are recognized and celebrated for their success, milestones, and historic progress.
According to the annual business survey data“Black or African Americans own about 124,551 businesses, and about 28.5% or 35,547 of these businesses are in the healthcare and social support sector, which is the highest percentage of the minority group.”
Throughout history, black companies have systematically racist, redlining, as evidenced by the Tulsa massacre in which the economically prosperous black community in Tulsa’s Greenwood district was attacked and destroyed in 1921. And even endured violence.
Over the past year and a half, the pandemic has forced many businesses to shut down, which has had a disproportionate impact on black businesses. 40 percent drop Black business ownership.
Nevertheless, the black business continues to grow and succeed.by Yelp Local Economic Impact ReportDespite the setbacks caused by the pandemic, black and female-owned businesses have been patient. According to the report, the percentage of people searching for black-owned businesses on Yelp in the United States increased by 3,085%.
Today’s black business owners can partially credit historical figures such as Booker T. Washington and WEB Dubois, who have established organizations and guidelines for the development and growth of black businesses. They also encouraged financial literacy in the black community by establishing organizations such as the National Negro Business League.
Origin of black companies
Founded by Washington in 1900, the National Negro Business League convenes members of the black community of business owners, community figures, and educators to pursue prosperity, economic growth, and economic development in the African-American community. Established an institution.
Washington has outlined criteria and guidelines on how local leagues should run, direct members, and interact with white merchants for success.
According to the booklet on “Organizing a Local Negroid Business for the League”, written between 1915 and 1923, the members were expected to: An important advance in racing. Bring a new member. Look for suspicious people and bring them into your organization. Be prepared to (and) prove that the union has power. “
Today, the National Negro Business League is recognized as the National Business League, headquartered in Washington, DC. The legacy of the NationalNegroBusinessLeague is evident in several economic and business organizations throughout the United States, such as US Black Chambers and the National Black Chamber of Fame. Commercial.
In 1993, the National Black Chamber of Commerce (NBCC) was founded in Washington, DC and has 140 branches nationwide. “Through entrepreneurship and capitalist activity in the United States, the NBCC is dedicated to empowering and maintaining the African-American community.”
The current state of black business today
Recognizing, supporting and celebrating this year’s National Black Business Month can be more important than ever as black businesses continue to recover from the economic losses caused by the pandemic.
“Well, I certainly believe it’s especially important to celebrate National Black Business Month, because we’re out of the worst pandemic in history, the one that caused the most damage to black business. “History other than slavery itself,” said Pepi Jackson, chairman of the Riverside County Black Chamber of Commerce (RCBCC).
RCBCC strives to promote SMEs in the region and provide a safe space to discuss their business ideas. The organization also provides technical support to help your business grow and grow.
Jackson believes that in order to rebuild the African-American business community, the community needs to reassess its future direction and consider opportunities that were once considered impossible.
“If I might say so, we need to rethink what is possible. We should be able to know that we have a stake in the future. We are investing in renewable energy. We are betting on rebuilding the country’s infrastructure, “Jackson said.
One of the possibilities is the ability of black women to lead and grow as business owners. NS State of business reports owned by women in 2019 With the consignment of American Express, we realized that black women-owned businesses grew rapidly (50%) between 2014 and 2019.
According to the report, black women-owned businesses make up 21 percent of all women-owned businesses. In addition, black women-owned businesses have grown at an annual rate of 12% over the past year, compared to an annual growth rate of 8% from 2014 to 2019.
The rapid growth of businesses owned by black women is an exciting success for Jackson. Jackson comes from a very prominent female family and knows directly that black women have a sense of commitment to the future.
“African-American young women, women of all ages, seem to be moving forward to ensure the care of their communities. I think it’s a determined spirit. It’s” Black Girl Magic. ” Is called, Jackson said. “But in reality, I think it’s a time when women are seriously encouraged to know that their contributions are as important as men.”
Celebrate Black Business All Month (and Later)
In August, Black Voice News will focus on black-owned businesses throughout the Inland Empire as a way to celebrate and acknowledge black businesses and their efforts.
Check in to BlackVoice News every week to see which businesses we are in the spotlight and learn how to support them.
Breanna Reeves is a riverside reporter who uses data-driven reports to address issues that affect the lives of African Americans. Breanna will be participating in BlackVoice News as a report from America Corps members. Earlier, Breana reported on her activities and social inequality in her hometowns of San Francisco and Los Angeles. Breanna graduated with a bachelor’s degree in printing and online journalism from San Francisco State University. She holds a master’s degree in politics and communication from the London School of Economics. For tips, comments and concerns, please contact Breanna at breanna @ voicemediaventures.com or Twitter @ _breereeves.
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