Buying Black to Support Black Owned Businesses, Reduce Unemployment and Improve Our Communities. Unequal Wealth Distribution is not totally to blame for Black America's lowly economic status and accompanying quality of life. Black-owned businesses were more likely to be in industries hit hard by coronavirus-related restrictions, such as retail and hospitality, according to a study by the Economic Policy Institute , a labor-oriented think tank.

Meanwhile, on Friday, UberEats announced, that delivery fees are being waived until the end of the year for orders in the United States and Canada at black-owned restaurants. The duo released the directory, called Black Owned Everything, on Friday in celebration of Juneteenth.

The U.S. is home to roughly 2.5 million black-owned businesses, according to the Census Bureau. Among states, Georgia had the largest total number with 256,848 black-owned businesses and accounted for 9.9 percent of the nation's black-owned businesses, followed by Florida, with 251,216 black-owned businesses (9.7 percent).

About 80% of its clients, which include a number of Black-owned businesses, have been rejected for business loans or otherwise had their applications put on hold. That coupled with the glass ceiling effect that many women in general have encountered, throw in race and gender, a Black business woman might as well have a quadruple by-pass surgery and call it a day.

Particularly, black owned companies in South Africa that are in dire need to breach the private sector. As the current racial reckoning and revolution occur, people are seeking out Black-owned businesses more than ever. As the national conversation on racism creates a spotlight on supporting the Black community, Black businesses are turning to Black BRAND to increase their visibility.
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