COVID & BLM Effect. 30% Increase in Black Owned Businesses

What is happening? Pandemic and Black Lives Matter are both seen as fostering the growth of Black owned businesses which are up 30% since before the pandemic.

Why is this important? Most of the growth in Black owned businesses is driven by Black women.

How will this be important? Black businesses grew because owners banded together to share information about grants, PPP loans, and means of pivoting to address consumer needs.

NPR | Black business ownership is higher than pre-pandemic. Women are driving that growth