August marks National Black Business Month, a month in which Black businesses and Black entrepreneurs are recognized and celebrated for their successes, milestones, and historical progress.
According to the Annual Business Survey data, “Blacks or African Americans owned approximately 124,551 businesses, with about 28.5 percent or 35,547 of these businesses in the Health Care and Social Assistance sector, the highest percentage of any minority group,” as of 2018.
Throughout history Black businesses have endured systemic racism, redlining and even violence as evidenced by the Tulsa Massacre in which an economically thriving Black community in Tulsa’s Greenwood District was attacked and destroyed in 1921.
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Learn more about how you can celebrate Black Business Month.