August is Black Business Month – Week 3

August 12, 2021

According to the United States Census Bureau in a report released January 28, 2021, the 2019 Annual Business Survey covering reference year 2018, approximately 18.3 percent (1.0 million) of all U.S. businesses were minority owned and about 19.9 percent (1.1 million) of all businesses were owned by women. Additional statistics released indicate Blacks or African Americans owned approximately 124,551 businesses with about 28.5 percent of these businesses in the Health Care and Social Assistance sector, the highest percentage of any minority group. Other categories include advertising firms, auto dealerships, consulting services, restaurants, barbershops, beauty salons, and more.

Among cities, New York has the most Black-owned businesses in the U.S. followed by Atlanta. The highest ratio of Black-owned businesses is in Washington, DC, where 28 percent of all businesses are Black-owned. The growth of Black-owned franchise businesses has been explosive. (1)

The Milwaukee Black Directory also offers Business Resources. A short list is provided below:

African American Chamber of Commerce

The African American Chamber of Commerce champions the growth and sustainability of African American-owned businesses by providing access to capital, education and advocacy through capacity building and strategic partnership. The African American Chamber of Commerce is a non-profit organization and is located at 633 West Wisconsin Avenue. Visit them online on their Facebook page: https://www.facebook.com/aaccwi/.

Skribble, Inc.

Helps not-for-profit and public organization move forward. Skribble specializes in Grant Writing, Board Development & Governance and other services. Their team of professionals are there to assist you to find funding for your non-profit. Visit their website at: http://skribbleinc.com/contact-us/ or Facebook at: https://www.facebook.com/skribbleinc/.

Tool Loan Program – Milwaukee

The Tool Loan Program provides a wide variety of hand and power tools from screwdrivers, hammers and pipe wrenches, to sanders, saws, ladders, wheel barrows and much more. The Tool Loan Center is located at 2500 West Capitol Drive and lends tools to people who owns homes in the City of Milwaukee. The Milwaukee Tool Loan Program is funded by the Community Development Block Grant Program. Call (414) 449-0705 for more information and hours.

Next Week: Continuation

Source: 1 National Day Calendar, “Black Business Month – August”, https://nationaldaycalendar.com/black-business-month-august/

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