August 1 marked the start of Black Business Month, which is a month dedicated to celebrating, appreciating and supporting Black-owned businesses across the United States.
The month of observance was created in 2004 by entrepreneurs John William Templeton and Frederick E. Jordan who understood the importance of Black-owned businesses to economic growth. Templeton is an author and was the editor of the oldest Black newspaper in America and Jordan is a civil engineer.
Barriers to Success for Black Business Owners
As stated by Templeton and Jordan, Black-owned businesses contribute a lot to overall economic growth in the U.S.
