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In the United States, black-owned businesses (or black businesses), also known as African American businesses, originated in the days of slavery before 1865. Emancipation and civil rights permitted businessmen to operate inside the American legal structure starting in the Reconstruction Era (1863–77) and afterwards.
39% of Black-owned businesses were owned by Black women in 2021, while men owned 53%. In the 2023 fiscal year, the SBA backed 4,781 loans to Black-owned businesses, totaling $1.45 billion.
In 2021, Black- or African-American-owned businesses brought in an estimated $183.3 billion in annual receipts, according to data from the U.S. Census Bureau.
"Barthwell Drugs grew to become the largest chain of black-owned drugstores in the United States, with nine stores and three ice-cream parlors. The Sidney Barthwell Endowed Scholarship at Wayne State University College of Pharmacy. [202] Beauregard's Department Store, Milan [203] Billings Five and Dime Store, Bay City, Michigan [204]
Eligible U.S. businesses must be black-owned and have no more than 20 employees, an annual revenue under $1 million and a brick-and-mortar. ... a low-to-moderate income area. Businesses must be ...
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments. As of January 31, 2021, the company owned 79,856 apartment units in New England, the New York City metropolitan area, the Washington, D.C. metropolitan area, Seattle and California. It is the 3rd largest owner of apartments in the United ...
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