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In 2021, Black- or African-American-owned businesses brought in an estimated $183.3 billion in annual receipts, according to data from the U.S. Census Bureau.
However, they remarkably bounced back even faster, opening 28% more businesses than pre-pandemic. Black-owned businesses in the U.S. are major contributors to the economy, generating $206 billion ...
39% of Black-owned businesses were owned by Black women in 2021, while men owned 53%. In the 2023 fiscal year, the SBA backed 4,781 loans to Black-owned businesses, totaling $1.45 billion. Over 3. ...
— The National Negro Business League Historian Juliet Walker calls 1900–1930 the "Golden age of black business." According to the National Negro Business League, the number black-owned businesses doubled from 20,000 1900 and 40,000 in 1914. There were 450 undertakers in 1900 and, rising to 1000. Drugstores rose from 250 to 695. Local retail merchants – most of them quite small – jumped ...
Acorns. Acorns is an American financial technology and financial services company based in Irvine, California, that specializes in micro-investing and robo advice. According to Fortune's Impact 20 list for the year 2020, Acorns had 8.2 million customers. In 2022, their total assets under management [ 1] exceeded $6.2 billion.
Robert F. Smith (investor) Robert Frederick Smith (born December 1, 1962) is an American billionaire businessman and philanthropist. He is the founder, chairman, and CEO of private equity firm Vista Equity Partners. [ 1][ 2] He graduated from Cornell University with a chemical engineering degree and from Columbia Business School with an MBA ...
Wish’s $500 to $2,000 grants for minority-owned businesses can cover rent, inventory costs and more. Eligible U.S. businesses must be black-owned and have no more than 20 employees, an annual ...
The companies in the Wells Fargo survey had annual revenues ranging from $20 million to $500 million. Moses Harris, Black/African American segment leader for Wells Fargo commercial banking ...