BLACK BUSINESS UP 400% THIS YEAR!!!
Guident financial, a business funding agency recently released results of a survey done on Black businesses this past year and the study shows black entrepreneuralship is quickly on the up and up jumping 400% over the past 12 months!! Regardless of what the news say Black men make up 65% of new owners. Campaigns like “Buy Black” Black lives Matter, the”Woke” movement and yes, even “The Carters!” have opened the eyes of many and encouraged alot to not only support Black businesses but get off the plantation and create them!
But the same challenges our ancestors faced we may still deal with today. Aside from the ongoing gentrification of America ousting Blacks out of their homes many are still denied the programs and proper funding needed to start a business. Even Black women who’re elligable for many programs and grants come up short with not even as much as 10% actually getting them. Many, as in history have resorted to self funding. The most interesting thing I found out about the survey was that out of all the businesses surveyed most of the new businesses were from owners between 30-59. Its not about the new generation anymore, old folks are waking up too!
Heres the link to see the infographic and read the story……… https://www.blackenterprise.com/black-business-ownership-400-year/