"Dreams are lovely but they are just dreams... It's hard work that makes things happen. It's hard work that creates change." - Shonda Rhimes
Content
Every February is Black History Month. SBA highlights resources, funding, and training available to black-owned small businesses and entrepreneurs.
Economic impact of black-owned businesses
According to the U.S. Census Bureau's data on non-employer and employer businesses:
- Black or African American-owned firms made up 14.5% (4.1 million) of non-employer businesses nationwide
- These non-employer businesses contribute receipts of $109.8 billion to the economy
- There are an estimated 194,585 Black or African American-owned employer businesses nationwide.
- These employer businesses
- Contribute $211.8 billion in annual receipts
- Employ 1.6 million employees
- Distribute about $61.2 billion in annual payroll
Upcoming events
SBA regularly hosts online training events on a variety of topics for the new or seasoned small business owner.
Resources
SBA offers programs and services to help Black business owners and entrepreneurs start, grow, expand, and recover from disasters.
- SBA and its Resource Partners help entrepreneurs with access to capital, mentorship, and business opportunities. Find an SBA Resource Partner near you.
- SCORE helps you find a local mentor that can support your business growth. Access SCORE's Resources for Black Entrepreneurs.
- You can also learn more about counseling and training, funding programs, and SBA certifications and business development programs.
Contact us
If you have questions about SBA's programs and services, you can contact your nearest SBA District Office. SBA District Offices offer counseling, training, and business development to help you start and grow your business.