Black Friday is around the corner! It is the perfect time to recognize, encourage and celebrate the Black-owned businesses in our community that span across the nation. Check out a list of Black-owned accessory and clothing brands to support this upcoming Black Friday inside.
Black business owners make up about 10 percent of United States businesses and about 30 percent of all minority-owned businesses. According to the U.S. Census Bureau, that comes up to approximately two million companies owned by African Americans. In that number, nearly 40 percent of Black-owned businesses are in health care and social assistance, repair and maintenance, and personal and laundry service industries. Other industries include advertising firms, auto dealerships, consulting services, restaurants, barbershops and beauty salons, and of course, clothing companies.
The city which houses the most Black-owned businesses in the U.S. is New York, and Atlanta follows closely behind it. The highest ration of Black-owned businesses is in Washington, DC where 28 percent of all businesses are Black-owned. In recent years, the growth of Black-owned franchise businesses, like Atlanta’s premiere vegan fast food restaurant Slutty Vegan, has become explosive. Over 30 percent of franchise businesses were Black-owned in 2012, which is up about 20 percent in only five years.
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