Food By The Word is a Black Owned Business
As a black owned business Food By The Word is like many a business started to provide for our families and we face the same obstacles as most small black owned businesses.
Small businesses are the backbone of our nation’s economy. They create jobs, invest in local communities, and promote economic growth. Small businesses owned by Black entrepreneurs are an especially important source of economic opportunity and stability for Black communities in the United States. Yet these businesses often face unique challenges due to systemic racism, including limited access to capital, inadequate business networks, and lack of support from larger corporations. This essay will discuss why it is important to support small Black-owned businesses and how we can do so.
This article discusses the importance of supporting small Black-owned businesses and how we can do so. It will explain how these businesses create economic opportunity and stability for Black communities, how they are often disadvantaged due to systemic racism, and why it is important to support them. It will also provide examples of ways we can support small Black-owned businesses, such as investing in them, buying their products and services, and advocating for their success.
Small Black-owned businesses are an important source of economic opportunity and stability for Black communities. According to the US Small Business Administration, Black-owned small businesses account for 8.6% of all small businesses in the United States and generate an estimated $56.4 billion in gross receipts annually. In addition, these businesses provide employment opportunities for African Americans, who are disproportionately unemployed and underemployed. For example, the Black-owned hair care business, Carol's Daughter, has created more than 100 jobs in the New York City area, many of which are held by African American women. This is just one example of the ways in which these small businesses have a positive impact on their communities.
Additionally, Black-owned businesses often provide a space for African American culture to flourish, as well as a platform for creativity and expression. Thus, these businesses make a tremendous contribution to their communities, both economically and culturally.
Comments