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The significance of BIPOC-owned businesses in the United States has seen a remarkable trajectory of growth and resilience. Black-owned firms alone witnessed their gross revenue leap by an astounding 43 percent from an estimated $127.9 billion in 2017 to $183.3 billion in 2021. During the same period, the number of Black-owned businesses grew by over 6,000 firms, a 4.72 percent increase, showcasing vibrant dynamism and an entrepreneurial spirit that continues to strengthen the fabric of the American economy.
Despite facing unique challenges, these businesses have shown remarkable resilience and innovation. The statistics above not only highlight the significant strides made by BIPOC and minority-owned businesses but also underscore the ongoing need for targeted support and resources. What kind of resources, you might ask? Anything that can help BIPOC and minority business owners overcome systemic barriers and achieve equitable success in the competitive business landscape.
There’s a collection of BIPOC and minority-owned business resources to help aspiring or current business owners survive and thrive in a cutthroat business market. By reviewing and sharing these resources, you can do your part in uplifting communities and fostering a more inclusive business environment for everyone.
View the complete list of resources.