NBC

There are over three million Black-owned businesses in the United States, according to the latest data from the Census Bureau, many of which are led by talented artists, chefs, hair stylists, parents and fashion designers. We’ve interviewed dozens of Black entrepreneurs to learn about the successes and challenges they face while running their companies, and most stress that they’ve had to overcome barriers like a lack of access to capital and higher rates of financial distress compared to white-owned businesses.

Still, they’ve established support networks that include loyal customers who shop from them year round, not just during Black History Month, which takes place every February. That’s in addition to efforts from nonprofits like The Fifteen Percent Pledge, which is working to get more Black-owned brands on the shelves of major retailers nationwide.

NBC

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