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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.
The 15 Percent Pledge is a US-based non-profit organization that encourages retailers to pledge at least 15 percent of their shelf-space to Black-owned businesses.The foundation conducts audits, shares its database of Black-owned businesses, and offers business development strategies to participating companies.
The National Black Chamber of Commerce (NBCC) was incorporated as The National Black Chamber of Commerce, Inc., in 1993. It is a nonprofit, nonpartisan, nonsectarian organization dedicated to the economic empowerment of African American communities. Additionally, the organization indicates that it represents the views of its members regarding ...
17. The Coalition to Back Black Businesses. The Coalition to Back Black Businesses is a joint effort among several corporations to fund minority-owned businesses. The coalition includes American ...
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