Supporting some of the 2.6 million black-owned businesses in the U.S. is a way for non-black people to show true allyship, says Mullen, rather than just saying they support Black Lives Matter or another movement. Just like any other trade association, most black business directory listing organizations that provide information on the Internet work to do several things.
Lenwood has more than twenty-five years of experience in community economic development, www.nexos.ufsc.br human resources and business management. We've rounded up 36 brands owned by BIPOC (a large majority of them owned by women)—where you can purchase health and beauty products, clothing, jewelry, home decor, spices, wine, books, and so much more.
The lack of respect that people have for Black-owned businesses; it makes you not even want to label yourself as such, because you don't know how people are going to treat you," Oshun said. 49 As of 2011 update African American-owned businesses account for approximately 2 million US businesses 50 Black-owned businesses experienced the largest growth in number of businesses among minorities from 2002 to 2011.
But another reason these businesses don't have the relationship they think they do with their bank is absolute racism," said Teri Williams, president and chief operating officer of OneUnited Bank, the nation's largest Black-owned bank. Delores Brown often encounters these questions about funding in her role as director of loans at Vermont Slauson Economic Development Corp., which offers small-business loans and other financial products.
The unemployment rate of blacks in 1976 was at 13.2%, whites were at 7%. Today Black unemployment they say averages at 9.6% with whites at 4.8%. Home ownership for blacks was 43.7% compared to whites at 67.6%. Due to the recent recession of 2008, blacks were hit harder in this most important category.