Black Americans are encouraged to double down on boycotts of retailers and brands that don’t support their humanity, and to support Black-owned businesses instead, in order to build economic power and keep dollars circulating in their communities.
Tag: Black-owned businesses
Posted inNational
Black-Owned Businesses Face Highest Loan Rejection Rate at 39%
Black-owned businesses faced the highest loan rejection rate of any racial or ethnic group in 2024, with 39% of applications being denied, while white-owned businesses only faced an 18% rejection rate.
Posted inBusiness
Black-Owned Businesses Face New Threats
Black-owned businesses have experienced historic growth in recent years, but are now facing new threats from declining small business optimism and anti-DEI executive orders from the Trump administration.