National Black Business Month is this month, August. As such, AfricanAmericanGrants.org recognizing Black-owned businesses across the country.
Black-owned businesses in the United States account for about 10 percent of U.S. businesses and about 30 percent of all minority-owned businesses. As of 2021, there are approximately two million companies owned by African Americans.
To celebrate this iconic National Black Business Month of August, we are offering AAG members the opportunity to list their businesses with AAG for FREE!
What is Black Business Month?
Black business month occurs in August, and it’s set aside to celebrate Black businesses in all of its ramifications. Black businesses are resilient and thrive in the face of funding challenges. The different areas of Black entrepreneurship have to do with working hard and creating your own niche.
Small business owners can definitely open doors for opportunities when you know how to go about finding small business grants for your business.
From Black-owned business in Kansas to Black-owned business in Pittsburg to Black-owned business in Minneapolis and more.
To celebrate National Black Business Month, we are going to be focusing on some of the Black businesses statistics and those that have scaled through regardless of the challenges they face.
AfricanAmericanGrants.org will be highlighting some Black-owned businesses on our platform.
Black-owned businesses are located everywhere in the United States. The city of New York has the largest concentration of Black-owned businesses. No doubt, Black-owned businesses contribute to the economy greatly and have generated $150.2 billion in gross revenue as of 2012.
It is important to know that about 44% of Black business owners use their own funds to start their own businesses.
Today, several people interested in Black-owned businesses employ approximately 920,000 people. There are a number of amazing things to learn about Black businesses and we’ll be highlighting these accomplishments on here.
One of such challenges has to do with funding. Black businesses are still prone to being less funded in today’s business climate. In spite of the fact that Black women are still creating businesses at a rate faster than any minority group.
As much as Black businesses have thrived and still thriving, however, there are still challenges that face the average Black business today.
Black-Owned Business Grants
Beyond the celebrations and acknowledgments that come with the National Black Business Month, we want to also look at the funding opportunities that Black business owners can take advantage of today.
From Black to back coalition to the dare to dream grant program to Sogal grants. There are indeed grants that are specifically tailored to Black business owners that you can apply for today for your business.
Small business grants for women can also come in handy for women that are looking to start their own businesses. It does not matter much if you are choosing to start from a home-based business or saving up money to go all out.
Choosing your preferred home-based business options can come at a price, but doing all the necessary research that you need to find what works for you can help you stand out from your competition.
Starting with these 5 home-based business ideas is a great place to start if you want to get your feet wet in the business world.
To find grants for your Black-owned businesses, click here to see a list of grant options you can apply for today.
National Black Business Month is just one month out of the year, but your business runs all year. What matters is that you are able to give your business all that it requires for it to grow and flourish.
Whatever business you may be into, businesses need funding to grow, and finding funding in grants can be quite challenging for small business owners, but there’s help if you know where to look.
Black business owners can find grants to support their business by reaching out to AAG grant experts that can help evaluate their business and their potential of getting the grants that they want for their businesses.