502 Black Business Week started in 2018 with 14 businesses participating.
Today, there are more than eight times that many, and the rapid growth suggests it is an idea long overdue.
”There is this huge wealth gap in this country when it comes to income of Black households versus white households,” marketing consultant and 502 Black Business Week creator Tiandra Robinson said. “And so, one of the ways we’re trying to close that is through Black entrepreneurship. And again, if we don’t have access to certain resources and funding, it’s hard for us to do that.”
A report by the Brookings Institution released in February confirms what Black business owners already know.
When you need money to make money, Black entrepreneurs are less likely to find the capital they need and more likely to experience financial challenges.
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