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August 1st marks the beginning of Black Business Month, a time to celebrate the success and innovation of African-American entrepreneurs. This special month was created in 2020 as a way to recognize and uplift black-owned businesses. From tech startups to family-run restaurants, this observance is an opportunity to show support for businesses that have been historically underrepresented in the marketplace. Whether you are looking for new products or services, now is the perfect time to discover amazing black-owned businesses and help them thrive!
<div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1865</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>End of Slavery</div><div class='timeline-text'>The abolishment of slavery in the United States sets a foundation for black entrepreneurship.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1886</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>First Black Woman Millionaire</div><div class='timeline-text'>Sarah E. Goode becomes the first African American woman to receive a U.S. patent, paving the way for future black female entrepreneurs.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1968</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Civil Rights Act</div><div class='timeline-text'>Title VII of the Civil Rights Act bans employment discrimination, advancing equal opportunity for black entrepreneurs.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1981</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Black Enterprise List</div><div class='timeline-text'>The inaugural 'Black Enterprise 100' list is published, spotlighting the top black-owned industrial/service companies.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>2004</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Black Business Network</div><div class='timeline-text'>The first online social media community for black business owners, Black Business Network, is established.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>2020</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Establishment of Black Business Month</div><div class='timeline-text'>The inaugural Black Business Month is celebrated, spotlighting and supporting black-owned businesses across the United States.</div></div></div>
<div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>1</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Shop at black-owned businesses</h3><p id='' class='facts-text'>Shopping at black owned businesses is one of the best ways to celebrate Black Business Month. Make sure to patronize local black owned stores, restaurants, salons, and more.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>2</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Share black business stories</h3><p id='' class='facts-text'>Share inspiring stories about black business owners and entrepreneurs on social media and with your networks. This will help to spread awareness about the importance of supporting black owned businesses.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>3</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Host a fundraiser</h3><p id='' class='facts-text'>Organize a fundraiser to benefit a black owned business or organization. Ask attendees to make a donation of their choice and host a silent auction to raise money for the cause.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>4</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Support black business events</h3><p id='' class='facts-text'>Attend events hosted by black owned businesses or organizations. These events are great opportunities to network, learn more about the mission of the organization, and even purchase products and services.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>5</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Donate to a black business charity</h3><p id='' class='facts-text'>Find a black business charity and make a donation in honor of Black Business Month. Your donation will help the charity to continue their work in supporting and empowering African American entrepreneurs.</p></div></div>
<div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>A</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Celebrates Black businesses & entrepreneurs</h3><p id='' class='whywelove-text'>Black Business Month is an opportunity to recognize the hard work and dedication of Black entrepreneurs. It's a way to promote their achievements and successes, as well as celebrate their contributions to our economy.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>B</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Supports economic growth in the Black community</h3><p id='' class='whywelove-text'>By purchasing from a minority owned business, you are actively supporting economic growth in the Black community. Every dollar spent helps keep more money in your local neighborhood and creates more job opportunities for people in the area.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>C</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>Educates others on the importance of diversity</h3><p id='' class='whywelove-text'>Taking part in Black Business Month is a great way to show solidarity with members of the Black community and start conversations about why it's important to support minority owned businesses. The celebration also helps spread awareness about why diversity is important for businesses and communities.</p></div></div>
<div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>1</p></div><div class='facts-core-content'><h3 class='facts-title'>Black-Americans Owned Over 620,000 Businesses in 2020</h3><p class='facts-content'>By the year 2020, Black-Americans had established over 620,000 businesses, highlighting the growth and resilience of black entrepreneurship globally.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>2</p></div><div class='facts-core-content'><h3 class='facts-title'>Most Black-Owned Enterprises are Solo Operations</h3><p class='facts-content'>More than 95% of black-owned businesses are sole proprietorships or partnerships, showing the trend of individual entrepreneurship within this demographic.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>3</p></div><div class='facts-core-content'><h3 class='facts-title'>Health Care and Social Assistance Sectors Reign Supreme</h3><p class='facts-content'>Health care and social assistance sectors make up the largest portion of black-owned business entities, contributing massively to these vital industries.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>4</p></div><div class='facts-core-content'><h3 class='facts-title'>Black Women Dominate the Entrepreneurship Scene</h3><p class='facts-content'>Black women are at the helm of around 60% of all black-owned businesses, indicating the growing role that they play in driving innovative business solutions.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>5</p></div><div class='facts-core-content'><h3 class='facts-title'>Chicago & New York City are Hotspots for Black-Owned Businesses</h3><p class='facts-content'>Chicago and New York City are among the cities with the highest number of black-owned businesses, shaping them into thriving scenes for black entrepreneurship.</p></div></div>
Black Business Month is celebrated on August 1 every year. In 2024 Black Business Month will occur on a Thursday.
2023
Aug 1
Tuesday
2024
Aug 1
Thursday
2025
Aug 1
Friday
2026
Aug 1
Saturday
2027
Aug 1
Sunday
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