Black Business Month

HISTORY OF BLACK BUSINESS MONTH

The history of Black Business Month can be traced back to the year 2004, when engineering entrepreneur Frederick E. Jordan partnered with the president and executive editor of the scholarly publishing company eAccess Corp,’ John William Templeton, to start this annual event. The intention of the pair was to “drive the policy agenda affecting the 2.6 million African-American businesses,” in order to highlight and empower Black business owners all over, especially given the unique challenges faced by minority business owners. This stemmed from Jordan’s own personal experience of the struggle to gain financial backing and funding when he began his own firm in San Francisco in 1969.

Black Business Month is celebrated in August — it’s a time to acknowledge and appreciate black-owned businesses across the nation and all that they represent in the country’s continual striving for diversity and equality.

When we celebrate the contribution of black business owners and entrepreneurs, it pays homage to them and their legacies, especially since celebrating this month recognizes the importance of black-owned businesses when it comes to contributing to the nation’s economy as well. Approximately 10% of all American businesses are black-owned, and if we look at what statistics say about minority-owned businesses, about 30% of these would belong to black business owners. The primary sectors in which black-owned businesses operate include health care, social work, repair and maintenance, beauty salons, restaurants, and more. Although, the types of innovative business is quickly changing.

Source: https://nationaltoday.com/black-business-month/

Let’s support organizations that play a vital role supporting Black entrepreneurs all around the world:

DRABPE – Ontario, Canada

Diffvelopement

ACBN – Canada

CBCC – Canada

Hand In Hand Eastern Africa – Kenya

Black Business Live TV –  Canada

Dream Legacy Foundation –  Canada

Business is Jammin – Halifax, NS

Africa Centre – Alberta, Canada

Girls Get Going – Massachusetts, United States

Imdoingit – Canada

Empower Her 101 – Canada

United We Rise UK – England, United Kingdom