Black Entrepreneurship: We Are on The Move
Updated: Mar 20, 2021
One of the cornerstone principles of The Swag Race Run for the Culture is promoting and supporting Black-owned businesses and the people behind them. Since its inception, we proudly support African-American entrepreneurs at every Swag Race during the outdoor vendor marketplace at Atlanta's historic Freedom Park.
Not only has this been a great way to promote and network with Black business owners in our community, a portion of the proceeds has supported three grantees with $3,000 donated to date.
In honor of our ongoing efforts to promote healthy, loving Black communities through fitness and economic empowerment, this week's blog is dedicated to Black entrepreneurship.
News site with valuable resources to stimulate entrepreneurship in African American communities.
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Quick Facts About Black-Owned Businesses
According to the Small Business Administration and the U.S. Census:
30.2 million: Small businesses in the U.S.
2.5 million: Black-owned businesses in the U.S.
60% (1.5 million): Black-owned businesses led by women
124,000: Black-owned businesses with employees
35,547: Black-owned usinesses in Health Care and Social Assistance
$152 billion: Sales generated from Black-owned businesses
Sources: census.gov | sba.gov | usafacts.org | uschamber.com