August 1st marked the beginning of the 18th annual National Black Business Month (NBBM), an observance that highlights the importance of African-American businesses to the Black community as well as our national economy. This celebration also generates awareness for the policy issues affecting African-American entrepreneurship.
Founders John William Templeton and Frederick E. Jordan Sr. started the national holiday back in 2004 “to drive the policy agenda affecting the 2.6 million African American businesses,” according to the official website.
During the 31 days of August, Jordan and Templeton want local government officials, community leaders, and venture capitalists to focus efforts on creating a more hospitable environment in which black-owned businesses can grow. Jordan believes that supporting black business is the best way to lower the high rate of African American unemployment. “Economically, we’re way behind our ethnic counterparts", says Jordan, who sits on the board of California’s small business council and is president and chairman of the San Francisco African American Chamber of Commerce.
Our collective goal must be to build sustainable wealth across the Black community.
COAL Board of Directors
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