Black Businesses
The History of Black Entrepreneurship Introduction In the US and Canada, February is celebrated as Black History Month. This tradition has been officially followed since 1976 as a way to honor the major milestones as well as personalities that mark the African American diasporic history. The dynamic socio-political atmosphere around the US, especially during the pandemic, has given rise to much deliberation about critical issues such as racial injustice and unemployment. The ‘Black Lives Matter’ protests garnered global support with people from various backgrounds-- celebrities and common people-- bringing about a conversation on social media. Supporting Black Businesses One way to achieve this would be by supporting Black companies. Black-owned businesses have had a hard time establishing themselves for generations. They have faced many difficulties accessing loans and capital for their businesses due to the deep-rooted racism prevalent in society. White-owned businesses have gained a monopoly over the market with the help of their White privilege, thanks to the long-sustained racism across the world. This kind of subjugation in the marketplace holds true not just for Black businesses but also for businesses run by people belonging to the LGBTQI community or even the Dalits,…
Read More
0
comments