Maurice Brewster’s Post

Did you know the power of Black-owned businesses? 💥 According to the 2021 Census, over 161,000 Black-owned businesses are thriving in the U.S., contributing a staggering $206 billion to our economy annually! That's right, these businesses aren't just surviving; they're thriving and creating opportunities for countless individuals. Let's take a moment to appreciate the incredible impact Black entrepreneurs have on our communities. Their innovation, resilience, and dedication are driving economic growth and creating jobs. #NationalBlackBusinessMonth is a time to celebrate their achievements, but let's make it a year-round commitment to support Black-owned businesses. Together, we can create a more equitable and prosperous future. #BlackOwnedBusiness #SupportBlackBusiness #Memphis #EconomicImpact #BlackEntrepreneurs #BBAFreshFinds

Inside the Black business boom that’s reshaping America’s economic landscape. By Shaundell Newsome. Fortune CLICK TO LEARN MORE https://bit.ly/4eJ2vBf #blackbusinessmonth

In the US, August is Black Business Month! According to the U.S. Census Bureau, there are 2.58 million Black-owned businesses in the United States. These businesses generate $150 billion in annual revenue and provide employment for 3.56 million people. But despite their contributions, Black-owned businesses face significant challenges, including lower access to capital and funding. (In fact, research by the ASAE Foundation found that Black entrepreneurs are 3x more likely to have their loan applications rejected compared to white entrepreneurs.) August is the perfect time to show your support. Whether it’s through purchasing products and services, investing in their growth, or promoting them within your network, your efforts can make a difference. Need help finding Black-owned businesses? Let's make it happen! Leave a comment below with the type of business or service your organization needs, and Black business owners, respond if you or someone in your network fits the bill! Black-owned businesses create jobs, foster economic growth, and empower communities. Your investment can make a significant impact! #BlackBusinessMonth #Entrepreneurship #Diversity

Guess who also contributed to this important report on black-owned middle market companies? Along with Anne Richie, my wonderful brother Dr. James Hill, from The Ohio State University Fisher College of Business! And Black Enterprise Magazine picked up the report also! #proudsibling #proudfriend #blackownedbusiness #MBE #liftingourcommunity

A compelling and significant report on black-owned middle-market companies reveals that these businesses are among the fastest-growing in the sector. My friend, Anne Richie, contributed to this essential work, underscoring the importance of addressing racial and gender wealth gaps within our communities #reduceracialwealthgaps #MBE #reducegenderwealthgaps #proudfriend #blackownedbusiness #liftingourcommunity.

Reflecting on the incredible growth rate of Black women-owned businesses between 2014 and 2019 – a remarkable 50% increase, surpassing the national average for all women-owned businesses. 📈✨ We hope to see this momentum continue to rise, and our vision is to play a small part in that impact. Let's keep creating spaces for Black, woman-owned businesses to elevate and thrive. 💼🌟 #BlackWomenEntrepreneurs #BusinessGrowth #EconomicEmpowerment

New Post: 5 Trailblazing Black Women Entrepreneurs Share How They’re Breaking Barriers — And How You Can Too - https://lnkd.in/g4Xpj2uP - 52,374. That's how many Black women-owned businesses there were in the U.S. in 2020. Although this number might seem insignificant, their impact can be felt. According to J.P. Morgan, Black women are the fastest-growing group of entrepreneurs, and there's no end in sight. - #news #business #world -------------------------------------------------- Download: Stupid Simple CMS - https://lnkd.in/g4y9XFgR -------------------------------------------------- or download at SourceForge - https://lnkd.in/gNqB7dnp

⏰ to GO BOW 💚 It is predicted that the median wealth of Black Americans will fall to zero by 2053.  I just can’t accept that for me and mine.  And so, I am grateful to find a like-minded community of women entrepreneurs that understand all the things that come with business ownership. High highs and low lows. Social media makes it look easy, and that’s simply a lie. The BOW Collective is a community of faith-filled women who stick out the lows because they feel called to do so and know there is overflow on the other side. We revved up and leveled up again, this time in the Queen City of Charlotte, NC, which showed so much love.  Here were some of the Learn, Grow, and Exit panels to get an idea of what that looked like:   •Fireside Chat: Debt & Private Capital Market Outlook   •Understanding The Funding Eco-System   •Health and Wellness Presentation   •Money Mindset - Mental Health Workshop   •Getting Your Biz Ready to Sell - Exit Planner   •The Bow Pitch Competition Kick-Off   •Alternative Investments   •Personal & Generational Wealth Panel   We are not passive participants in the business world. We are employers. We are philanthropists. We are actively working to change the dynamics of the rooms we enter, creating spaces of empowerment and opportunity. It’s a stark reality that less than 2% of Black Women receive private financing for businesses. Yet, in just two short years, our organization has grown to include over 200 businesses, spanning 26 states, 4 countries, and 24 verticals. Our collective gross annual revenues exceed 1.2 billion dollars. And this is just the beginning. We are on a mission to make a difference, and we hope to have your positive support on this journey.   #BOWCapitalConference #FinancialLiteracy #WomenInBusiness #Entrepreneurship #BlackWomenInBusiness 📸 Jeffrey Suggs + ASSET Management Consulting

To ensure that Black women-owned businesses continue to grow and flourish, a number of critical things must happen, but it needs to start with a focus on the basics — access to capital, networking opportunities and continuation of grant programs, all things that current data shows are effective. https://bit.ly/49sTTeW #WomeninResearch #MRX #MarketResearch

Black entrepreneurship is a key pillar of a strong Black ecosystem and inclusive economy. This is why I am committed to mentoring and coaching Black business owners. “In 2021, there were 161,031 U.S. firms with majority Black or African American ownership, up from 124,004 in 2017, according to the latest estimates from the Annual Business Survey (ABS), conducted by the U.S. Census Bureau and the National Science Foundation. Black-owned firms’ gross revenue soared by 43% during this timespan, from an estimated $127.9 billion in 2017 to $183.3 billion in 2021. Despite this growth, majority Black-owned businesses made up only about 3% of all U.S. firms that were classifiable by the race and ethnicity of their owners in 2021. And they accounted for just 1% of gross revenue from all classifiable companies that year. By comparison, in 2021, roughly 14% of all Americans were Black.” A look at Black-owned businesses in the US by sector, state and more | Pew Research Center https://lnkd.in/gM52jN4J