Call us 803-619-3752

Support

Blog

5 Actions You Should Take to Support Black Owned Businesses

In a society where dialogue is heavily immersed in social justice and the continuous rallying efforts of #BlackLivesMatter, the black race is receiving an impressive, impactful platform to voice our concerns and fight for equality and representation. As Jesse Williams reminded the nation at June’s BET Awards, “Just because we’re magic doesn’t mean we’re not real.” And with this realness comes a multitude of real struggles, even beyond the realm of social justice and political activism. The Black population needs a stronger push for economic stability and unity.
[...]

read more

The Benefits of Being A Minority-Owned Business

Businesses that are certified as minority-owned can take advantage of special government programs, including increased access to government contracting opportunities that can help them grow quicker. Find out whether your organization may qualify for this designation, how to become certified and how this might help your business.
[...]

read more

The Importance of Practicing Group Economics in the African-American Community

One of the greatest strengths of any community is its ability to identify, support, and reward the talents and skills of its members. When I was a child, I remember observing my mother go out of her way to hire African-American professionals in the community. I now realize that she understood then, and understands today the importance of practicing group economics. That is, creating and exchanging resources (e.g., currency, talents, gifts, and skills) that a group deems valuable among another.
[...]

read more

Black Buying Power To Reach $1.3 Trillion By 2017

“Black buying power continues to increase, rising from its current $1 trillion level to a forecasted $1.3 trillion by 2017. Black buying power has seen an 86 percent increase since 2000 and accounts for 8.7 percent of the nation’s total. The growth in black buying power stems in part from an increase in the number of black-owned businesses as well as from an uptick in education among the African-American population, which leads to higher incomes. Despite historically high unemployment rates, Blacks have shown resiliency in their ability to persevere as consumers.”
[...]

read more

Free Money! The Top 10 Grants Available to Black, Minority Business Owners

Every year billions of dollars are awarded in the form of free money and other types of funding. Most people know this money exists, but just don’t know where to apply, how much they qualify for, or even where to get an application.
[...]

read more

11 realities faced by Black-owned businesses

“You know how your cousins are.” Sound familiar? You have either heard or said this about a janky product or poor customer service at a Black-owned business (BOB). All businesses encounter common issues, but the impact is greater for BOBs. Our history is filled with the reality of facing stereotypes, unfair biases, and unethical and illegal practices. Growth continues, but numbers and profits still lag behind businesses owned by other races. White-owned companies account for 81 percent of U.S. businesses, while Asian and Hispanic-owned are at 9.7 and 5.8 percent, respectively.
[...]

read more

Removing the Barriers to Black Business Success

The most recent data on minority-owned firms in the United States was collected in 2012 (and released at the end of 2015). It showed that the number of minority-owned firms rose from 5.8 million in 2007 to 8 million in 2012. Hispanic-owned firms grew the most rapidly – by 46 percent to 3.3 million.  African American-owned firms grew by 34.5 percent to 2.6 million. Asian-owned firms grew by 23.8 percent to 1.9 million. Women-owned firms grew by 26.8 percent compared to firms owned by men that grew by just 6.8 percent.   Since the total number of firms grew by just 2 percent, to 27.6 million, the growth in minority and women-owned firms could define the way that business is being done in our country.
[...]

read more