Home > News & Updates > August is Black Business Month
Black-owned businesses in Central California are an essential part of the economy. According to the 2021 State of Black Business in California report by the California Black Chamber of Commerce (CBCC), Black businesses employ over 50,000 people and generate over $1 billion in annual revenue. They provide a wide range of essential services, including food, healthcare, and transportation. They also reinvest their profits back into their communities, supporting local schools, charities, and other organizations.
The CBCC also reported Black businesses are concentrated in the industries of construction; retail; food and beverage; professional and business services; and transportation and warehousing. Some of the major challenges that Black-owned businesses face include:
Despite these challenges, black-owned businesses in Central California are making a significant contribution to the region’s economy and community. They are creating jobs, providing essential services, and supporting local communities. In addition to the economic benefits, black-owned businesses also play an important role in promoting diversity and inclusion. They help to create a more vibrant and equitable society for all.
In honor of Black Business Month, here are a few ways you can support black-owned businesses in Central California:
So, this Black Business Month, let’s show our support for black-owned businesses in Central California. Together, we can make a difference.
Our Vision: Where capital is no longer a barrier to success in central California.
Equal Opportunity For All – Title VI of the Civil Rights Act: Prohibits discrimination based on race, color, and national origin in programs and activities receiving federal financial assistance, while Section 504 of the Rehabilitation Act prohibits discrimination based on disability in such programs.