Boston Impact Initiative’s Post

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🎉 Black-owned businesses have significantly contributed to the economy over the past decade. According to a 2020 report by the U.S. Census Bureau, Black-owned businesses in the United States generated approximately $150.2 billion in annual revenue. The number of Black-owned businesses has also been growing steadily, with a 34% increase from 2007 to 2012 and continued growth in the following years. Here are some key reasons for celebration: ⭐ Economic Empowerment: Highlighting Black-owned businesses helps drive economic empowerment and community development by encouraging consumers to support these enterprises. ⭐ Recognition and Visibility: It provides a platform to showcase the contributions and successes of Black entrepreneurs, bringing visibility to businesses that might otherwise be overlooked. ⭐ Addressing Inequities: The celebration draws attention to the systemic barriers Black entrepreneurs face, such as limited access to capital, mentorship, and networks, and advocates for policies and practices that promote equity. ⭐ Cultural Appreciation: It acknowledges and honors the rich cultural heritage and diverse talents within the Black business community, promoting a broader understanding and appreciation of their impact on the economy and society. ⭐ Community Building: Celebrating Black Business Month fosters a sense of community and solidarity, encouraging collaboration and mutual support among Black entrepreneurs and their allies. Despite facing unique challenges, Black entrepreneurs have continued to innovate and thrive in across multiple industries, contributing to the overall economic landscape of Boston and beyond! This month, let's shine a spotlight on the incredible entrepreneurs who are making a difference in our communities. #BlackBusinessMonth #BuyBlack #InvestInJustice #InvestInChange

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Maria F.

Founder @Culture Builders Coop, LLC I Lecturer @Suffolk University I Anti-Racism Educator | Grassroots Leadership Coach

2mo

Thank you for investing in my business and that of many other Black-owned businesses across Boston and beyond!

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