Funding

Black business owners face many hurdles, especially when it comes to securing capital. In the world of entrepreneurship, Black Americans have been historically underrepresented. Black entrepreneurs currently account for 9.4% of business owners despite making up more than 12% of the U.S. labor force.

At Black Businesses Matter, we work hard to ensure that black owned businesses have access to financial help to ensure growth and profitability of the various firms One of the largest factors holding back Black-owned businesses is access to financial capital, with research showing that Black-owned non-employer businesses are far less likely to receive financing than white-owned firms. Additionally, Black entrepreneurs are about three times as likely to have growth and profitability hindered by a lack of financial capital. This is why “Black Businesses Matter”, comes out to be the support for black owned businesses to ensure entrepreneurial growth.

What is one way to support black-owned businesses and organizations? The greatest way to support black-owned businesses and organizations is financial. Find a business or organization that provides a service or sells a product that you enjoy, appreciate or need and spend your money there. Financial stability is the true key to economic empowerment. When a black-owned business thrives that leads to more jobs and a stronger workforce, not only for economically distressed areas but, in affluent communities as well. An equitable business sector is a strong business sector.