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Black Business Month: Celebrating African American Entrepreneurs

Karen Ledford • Jul 29, 2023

Celebrated each August throughout the United States, Black Business Month celebrates the contributions of African American entrepreneurs and businesses. Founded in 2004 by historian John William Templeton and engineer Frederick E. Jordan, Sr., August was chosen because it is the birth month of Frederick Douglass, a prominent abolitionist and author. He is considered one of the pioneers of Black business in the United States.

A green, yellow, red, and black swirled background with text overlaid: August is Black Business Month

Why is Black Business Month important?

Black Business Month is an opportunity to recognize the achievements of Black entrepreneurs, and to promote the growth of Black-owned businesses. It's also a time to educate the public about the importance of supporting Black businesses.


  • It raises awareness of the contributions of Black entrepreneurs to the American economy. Black-owned businesses employ millions of people and contribute billions of dollars to the economy each year.
  • It breaks down barriers that Black businesses face, such as access to capital and resources.
  • It increases the visibility of Black businesses, which can lead to increased sales and profits.


By engaging with and supporting Black businesses, we can help break down barriers, increase visibility, and promote diversity and inclusion in the business world. We can also help create jobs and economic opportunities in Black communities, build wealth and financial security for Black families, and empower Black entrepreneurs, creating role models for future generations.

 

The Society for Diversity and its subsidiary, the Institute for Diversity Certification (IDC)® are proud to be a successful Black business. We are committed to supporting other Black businesses and helping create a more equitable economy. We encourage you to join us in celebrating Black Business Month by supporting Black-owned businesses online or in your local area.


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Disclaimer: Content on this blog is authored by multiple sources. While we do make every attempt to proofread and fact-check, unless authored our staff, the views expressed do not necessarily reflect those of The Society for Diversity and the Institute for Diversity Certification.

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