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The Economic Downturn Affects All Businesses

ShannaPennell3709734 2020.06.30 13:22 조회 수 : 3

Black owned businesses. District of Clothing: SInce 2014, this lifestyle brand and clothing company has featured the work of designers and makers who promote action and progression for the Black community. By mid-April, 440,000 black business owners had shuttered their company for good — a 41% plunge.

Locate online and Brick & mortar businesses. Carroll adds that another way to support Black businesses is by including them in cross-marketing collaborations on digital or other media. This directory aims to highlight our communities and give residents an easy way to find Black-owned businesses they can support.

Martinez has over 12 years of experience working in economic development and business consulting. The digital platform Official Black Wall Street has previously hosted black business crawls where attendees visit brick-and-mortar black-owned businesses in certain cities during the holiday shopping season.

Blair says it's important to not only support black businesses, but also support the institutions that are working to address wider issues of unemployment, education and even technology gaps in poor communities, like the Black Chamber of Commerce. These businesses employed 975,052 people, an increase of 5.9 percent; their payrolls totaled $27.7 billion, an increase of 15.9 percent (not adjusted for inflation).

When shoppers take pride in supporting the black business community, they quite often specifically look to these listings to guide their purchase decisions. Explore an important part of Pittsburgh's culture through its black-owned business. In fact, the number of working African American business owners fell more than 40 percent amid the coronavirus—a much steeper drop than other racial groups experienced.
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