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Minority business enterprise (MBE) is an American designation for businesses which are at least 51% owned, operated and controlled on a daily basis by one or more (in combination) American citizens of the following ethnic minority and/or gender (e.g. woman-owned) and/or military veteran classifications: [citation needed] African American
39% of Black-owned businesses were owned by Black women in 2021, while men owned 53%. In the 2023 fiscal year, the SBA backed 4,781 loans to Black-owned businesses, totaling $1.45 billion.
In 2021, Black- or African-American-owned businesses brought in an estimated $183.3 billion in annual receipts, according to data from the U.S. Census Bureau.
17. The Coalition to Back Black Businesses. The Coalition to Back Black Businesses is a joint effort among several corporations to fund minority-owned businesses. The coalition includes American ...
In the United States, black-owned businesses (or black businesses), also known as African American businesses, originated in the days of slavery before 1865. Emancipation and civil rights permitted businessmen to operate inside the American legal structure starting in the Reconstruction Era (1863–77) and afterwards.
The National Negro Business League (NNBL) was an American organization founded in Boston in 1900 by Booker T. Washington to promote the interests of African-American businesses. [ 1 ] [ 2 ] [ 3 ] The mission and main goal of the National Negro Business League was "to promote the commercial and financial development of the Negro."
The goals included hiring and promoting more women and members of racial minority groups, and recruiting more diverse suppliers, including businesses owned by people of color, women, LGBTQ+ people ...
[10] [11] In addition to the certification, the US government Small Business Administration has a program to promote LGBTQ-owned businesses. [ 12 ] [ 13 ] The Greater Seattle Business Association, described as "a business chamber for LGBTQ and allied businesses", was established by nine gay business owners in 1981. [ 14 ]