The U.S. is home to roughly 2.5 million black-owned businesses, according to the Census Bureau. Among states, Georgia had the largest total number with 256,848 black-owned businesses and accounted for 9.9 percent of the nation's black-owned businesses, followed by Florida, with 251,216 black-owned businesses (9.7 percent).
Since 2014, they've worked with local designers and makers who promote action and progress for the Black community, also partnering with organizations such as Stand With Black Women, the National Museum of Women in the Arts and the Washington Area Women's Foundation.
By leveling the playing field and providing free grant money to this demographic, more and more people are able to take on the risk of starting their own business by reducing the financial burden. Defined as total assets, including home equity, automobiles, and savings, net worth for average Black Americans is about $6,000; Latino net worth averages $7,000; and White and Asian Americans net worth is about $70,000.
APISBP is a collaboration of five community-based organizations, formed to assist the development of small and micro businesses in Los Angeles with a particular focus on low-income immigrants of Chinese, Filipino, Japanese, Korean and Thai descent. Available in both the Apple and Google play app stores, the Katika app allows you to find businesses or shop k2myfum459.nation2.com for products with your smart phone.