Black businesses are on the rise in the US, but despite comprising nearly 14% of the population, they own just about 3% of the country’s businesses, and there is a need for more capital access and spending with Black-owned businesses to close the racial wealth gap.
Tag: Report for America corps member Megan Sayles
Posted inU.S. Government
Black small businesses point to sales boosts as potential TikTok ban looms in the distanceÂ
Black-owned businesses have generated $14.7 billion in revenue through advertising on TikTok in 2023, with 83% of them experiencing sales increases, and 59% of them using the app to hire a new employee.
Posted inBUSINESS
Greater Baltimore Committee to unveil regional economic opportunity strategy at 69th annual meeting
The Greater Baltimore Committee (GBC) will unveil its 10-year economic opportunity plan at its 69th Annual Meeting on May 23 at Tradepoint Atlantic in Sparrows Point, which is designed to achieve a globally competitive and equitable economy in the region.