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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.
WYTS (1230 AM) is a commercial black-oriented news radio station licensed to Columbus, Ohio.Owned by iHeartMedia, the station serves the Columbus metro area.Besides a standard analog transmission, the station is available online via iHeartRadio.
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.
Spring Street YMCA / Ward Home and Storage Facilities. – founded 1919. One of the first to specifically serve the black community. The E.E. Ward Moving Company is the oldest African American owned and operated business, still operating today, in the country. Lincoln Theatre – located on Long Street, opened in 1929 by Al Jackson.
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.
The Coalition to Back Black Businesses is a joint effort among several corporations to fund minority-owned businesses. The coalition includes American Express, Cummins, Optimum, Shopify and Firefli.