SBA Syracuse District Office’s Post

📈 Catalysts of Economic Growth: Black-Owned Businesses! The U.S. Joint Economic Committee highlights the significant contributions of over 3 million Black-owned businesses, injecting $200 billion annually into the U.S. economy and providing jobs for 1.2 million Americans. A recent U.S. Chamber of Commerce event delved into the history and challenges of Black entrepreneurship, stressing the need for a more equitable playing field. Nicholas Perkins, CEO of Perkins Management Services Company, underlines the importance of addressing gaps in access to capital and opportunities. Let's foster an environment where Black entrepreneurs thrive! 💼🌐 Read more about this on the link below: https://lnkd.in/eZzUhsHS #BusinessEquality#EconomicImpact#SupportBlackBusinesses #InclusiveOpportunities

Black businesses, including small businesses and contractors, play a vital role in the economy. It's essential to recognize their impact and importance in policy-making discussions. For policymakers and advocates of change, here are six actionable steps to consider. Supporting Black entrepreneurship and innovation benefits not only underinvested communities but all of society. Please read and share this article below if you identify as a changemaker! https://lnkd.in/g_FDBvMr

🤔 Did you know that Black Businesses *Contribute Over $183 Billion To The U.S. Economy? This is despite being underrepresented among U.S. entrepreneurs and often less likely to receive funding from lenders than their white counterparts. That is why organizations like the Urban League of Broward County and The Center for Micro-Entrepreneurial Training - CMET exist to offer programs that fill the gap with programs designed to educate, guide, and provide tools and resources to black-owned (and other minority-owned) businesses. Guiding Brands is proud to be a partner to these organizations. Please join us in celebrating black-owned businesses like ours this #nationalblackbusinessmonth.

New York has been boosting Black entrepreneurship, and helping to close the wealth gap with a new local Black Chamber of Commerce in Albany. While about 15% of White Americans hold some business equity, this is true for only about 5% of Black Americans, according to research from the McKinsey & Company Institute for Economic Mobility. Check out a recent article in The Wall Street Journal which featured commentary from my colleague Shelley Stewart III. #EconomicMobility

Understanding Juneteenth - Juneteenth commemorates the announcement of General Order No. 3 by Union Army General Gordon Granger on June 19, 1865, in Galveston, Texas. This order proclaimed the freedom of enslaved people in Texas, the last state of the Confederacy with institutional slavery. Today, Juneteenth is a celebration of African American culture, history, and contributions to our society. How You Can Make a Difference Shop Black Own Businesses: Seek out and purchase products and services from Black-owned businesses. Spread the word: Use your platform to highlight Black-owned businesses. Share their stories and successes on social media, write reviews, and encourage others to support them. Invest in Black Entrepreneurs: Consider investing in Black-owned startups. Your financial support can help businesses grow and succeed. Educate and Advocate: Learn about the challenges Black entrepreneurs face. Education is a powerful tool in fostering understanding and change. Support Cealle Creative Luxury Silk Scarves Today! Subscribers Receive 10%OFF First Order ceallecreative.com Use Code: WELCOME23 #ceallecreative #ceallenation

This Black History Month✊🏾, Waya proudly recognizes the extraordinary resilience of the 161,031 Black-owned businesses in the US, a community that continues to flourish and grow according to the latest insights from USA Today. 📈✨ Despite the challenges, these businesses are making a profound impact. According to the USA Today report, Black-owned businesses have been steadily growing, contributing significantly to the nation's economic landscape. It's not just a statistic; it's a testament to determination, innovation, and the pursuit of dreams. At Waya, we champion inclusion and financial freedom for all. That's why we're excited to announce the upcoming Waya Business Accounts—an innovative solution designed to help business owners, including the incredible Black entrepreneurs, manage their financial operations easily and efficiently. Let's amplify their impact—tag your favorite Black-owned business below and share the love! Together, we can foster a supportive and thriving ecosystem. #BlackOwnedBusiness #BlackHistoryMonth #WayaBusinessAccounts

At Reynders McVeigh, we task ourselves to examine the roadblocks and inequities unique to Black entrepreneurs so we can better push innovative solutions to level the playing field. One such solution is being deployed by Founders First Capital Partners, whose revenue-based financing model allows minority entrepreneurs secure funding, preserve equity, and build generational wealth. Read more about the current landscape for Black entrepreneurs, and the work being done to make it more equitable, in our latest Insight Post: https://ow.ly/Izk050QHhSZ #impact #blackownedbusiness

While about 15% of White Americans hold some business equity, this is true for only about 5% of Black Americans, according to research from the McKinsey & Company Institute for Economic Mobility. Check out a recent article in The Wall Street Journal which featured commentary from my colleague Shelley Stewart III, where he discusses the impact of a new local Black Chamber of Commerce in Albany, New York that has been boosting Black entrepreneurship, and helping to close the wealth gap between Black and white Americans. #EconomicMobility

While about 15% of White Americans hold some business equity, this is true for only about 5% of Black Americans, according to research from the McKinsey & Company Institute for Economic Mobility. Check out a recent article in The Wall Street Journal which featured commentary from my colleague Shelley Stewart III, where he discusses the impact of a new local Black Chamber of Commerce in Albany, New York that has been boosting Black entrepreneurship, and helping to close the wealth gap between Black and white Americans. #EconomicMobility

🚀✨ Celebrating National Black-Owned Business Month with some impressive stats! 🎉📈 Did you know? There are 3.7 million Black-owned businesses in the U.S., making up 11.3% of all businesses. 🌟 Among them, nearly 161,422 have at least one employee, driving innovation and creating jobs nationwide. Spotlight on Success: Florida leads with 461,149 Black-owned businesses, while the District of Columbia shines with the highest percentage of Black-owned businesses at 35%! 🏆 World Wide Technology, the largest Black-owned business, boasts an incredible $17 billion in annual revenue. 💰 Empowering Facts: 💪👩🏽💼Black women own nearly 59,000 businesses, employing over 481,000 people. Black-owned businesses saw a 13.6% increase from 2017 to 2020, proving their growing impact and resilience. 📈 While challenges like funding access persist, with 47% of Black business owners facing loan denials, the achievements are undeniable. Let’s continue to support and uplift Black entrepreneurs as they drive economic growth and innovation. 🌍🚀 #NationalBlackOwnedBusinessMonth #SupportBlackBusiness #EconomicImpact #Entrepreneurship #BlackExcellence