SBA Georgia District Office’s Post

In 1900, the National Negro Business League was established by Booker T. Washington. Today, there are thousands of Black-owned businesses across America. If you're thinking about starting a business, SBA has resources to help you: https://lnkd.in/duWZfnHq #BlackBusinessMonth #AlaskaSmallBusiness

Access to information is always the key! Once you know what is needed for your businesses success, it becomes your responsibility to kick everything into gear - moving forward. One thing for sure and two for certain is that Ron Busby, Sr. and ByBlack remain top tier by providing an ecosystem where we can empower and support Black Businesses. Take the time to check them out, and to see what Grants are available that may help you in your entrepreneurial journey.

ESO exists to provide Black and Brown entrepreneurs the resources and capital required to successfully scale their businesses. For far too long, traditional lenders and funders have failed to address the needs of our communities, and we're here to change that. Learn more at https://hubs.ly/Q02z8_RB0

August is National #BlackBusinessMonth, a reminder that the Underground Railroad lives in E.E. Ward Moving & Storage Co. The Columbus, Ohio-based firm is recognized as the United States’ oldest continuously Black-owned business, dating to the 1840s when it began transporting runaway slaves. Black companies have endured and evolved since the horse-and-buggy era, continuing to surmount our nation‘s racial fault lines. According to Lendio, Washington, D.C. has the highest percentage of Black-owned businesses (35%) and employer firms (15%). There are approximately 3.7 million Black-owned businesses nationwide and roughly 161,400 have at least one employee. The largest is World Wide Technology, with $17 billion in revenue and 10,000 employees. But financing remains a problem for Black business owners: 47% who apply for a loan are denied. Thankfully, organizations that understand the work and worth of Black businesses are available to assist. These include the Capital Region Minority Supplier Development Council, as well as local Chambers of Commerce in the District, Northern Virginia, and Prince George’s and Montgomery counties. Take advantage of these resources and support Black businesses all year long! #supportblackownedbusinesses #blackownedbusiness #SRBProud

Black business owners are three times more likely to be rejected for a loan compared to their white counterparts. This alarming statistic highlights the systemic barriers and inequalities faced by Black entrepreneurs in accessing essential financial resources for business growth and development. At Black Wall Street, we are dedicated to addressing these disparities and fostering an environment of inclusivity and support for all entrepreneurs. 🌐 Learn more: [https://lnkd.in/dErgbsq] 🤝 Partner with us: [https://lnkd.in/gkXvBi8K] #BlackBusinessOwners #AccessToCapital #FinancialInequality

Black business owners are three times more likely to be rejected for a loan compared to their white counterparts. This alarming statistic highlights the systemic barriers and inequalities faced by Black entrepreneurs in accessing essential financial resources for business growth and development. At Black Wall Street, we are dedicated to addressing these disparities and fostering an environment of inclusivity and support for all entrepreneurs. 🌐 Learn more: [https://lnkd.in/dErgbsq] 🤝 Partner with us: [https://lnkd.in/gkXvBi8K] #BlackBusinessOwners #AccessToCapital #FinancialInequality

{ Save the Date} On Friday, June 21 from 10am - 11am EST, Brookings Metro, in collaboration with Path to 15|55 initiative, which endeavors to grow the percentage of Black-owned employer firms, will host an event to discuss what this proliferation of litigation means for Black-owned businesses and entrepreneurship. Senior Fellow Andre Perry will present new data that demonstrates the opportunity in bolstering Black-owned businesses to drive economic development. Then, CapEQ President and CEO Tynesia Boyea-Robinson will moderate a dynamic panel to dive deeper into these challenges and discuss how policymakers and the philanthropic sector should respond to these attacks to keep Black businesses growing in a dynamically changing legal environment. Register to watch online here: https://lnkd.in/e9wV4PzX RSVP to attend in-person here: https://lnkd.in/eaTB4Gdq **Interviews available upon request prior, during and post event.** Photo caption: Ayana Parsons, VC and co-founder of Fearless Fund with Arian Simone, general partner and co-founder of Fearless Fund. Source: Fearless Fund.

Bridging the wealth gap and fostering economic empowerment for Black business owners is a crucial step toward achieving financial equity. Studies have shown that owning a business provides a higher level of wealth mobility compared to non-business owners. At M&F Bank, we are dedicated to empowering and supporting local businesses, enabling them to thrive in their respective markets. To learn more about how we accomplish this, click on the following link: https://bit.ly/4aBaWwy. #empoweringgrowth

DID YOU KNOW??? August is National Black Business Month?! It's also Look Me Up Media's birth month 😯 Giving major Leo/Virgo energy Wishing a great rest of the month to fellow small business owners, Black business owners, and woman-owned businesses. Nobody's doing it like us! Photo cred: Dallas City News #DigitalMarketing #BlackBusinessMonth #BlackOwnedBusiness

Video: The attacks on DEI programs have had a “chilling effect.” People don’t know what options are available to invest in Black and Latino owned business. Check out this The Brookings Institution panel – Supporting Black-owned Businesses to Drive Economic Development - that talks about what we can do. Tynesia Boyea-Robinson, Alphonso David, Stacey Bowers, Patrice R Green and Erika Seth Davies brought valuable insights, wisdom and practical steps to move forward. I provide the latest finding from our business development research. https://lnkd.in/eE-QdMHc