Support Charles County Black-Owned Businesses

Posted by: Economic Development Team on Tuesday, August 10, 2021

August is National Black Business Month, a time to recognize and support Black-owned businesses across the country. The concept of National Black Business Month is not complicated--the community makes a conscious effort to support Black-owned businesses to promote community economic stability.

 

The History

The history of National Black Business Month goes back to 2004, when Frederick E. Jordan teamed up with John William Templeton to recognize August as National Black Business Month. Throughout August, Jordan and Templeton asked local government officials, community leaders, and venture capitalists to focus attention on creating a setting in which Black-owned businesses could strengthen their sales and employment numbers.  Read more.

 

The Demographics

According to a United States Census report, nationally the proportion of Black-owned businesses account for 9.4 percent of all firms, which is still below the 13.1 percent black or African Americans share of the U.S. adult population.  In 2012, there were 5,024 minority-owned businesses operating in Charles County. Of the 5,024 total, 78% (3,916) were Black-owned; however, only 196 of those 3,916 Black-owned firms had employees, totaling 942.  Their total sales and receipts equaled $112,505,000.

 
Research continues to show that Black-owned businesses tend to be smaller and generate lower profits than other non-black-owned businesses. They are also less likely to get access to seed or start-up money, successful mentors, prominent networks, credit financing, and generational wealth.

 
Given Charles County’s unique position and circumstances, being a predominantly Black community, we encourage all county residents to redirect a portion of their spending power to shop with a Black-owned business to help to strengthen the local economy. 

 

Resources to Grow

Below are some of the top government and private sector business resources that can help all small businesses to grow, especially Black-owned businesses.

 

GOVERNMENT RESOURCES   PRIVATE SECTOR RESOURCES

Charles County Economic Development Department
Minority Business Enterprise Program and Business Development Loan Fund

 

Amazon Black Business Accelerator Program

Maryland Department of Commerce
Video Lottery Terminal Fund (VLT) for Women and Minorities

  Capital Region Minority Supplier Development Council

Maryland Department of Transportation (MDOT)
Minority Business Enterprise Program

  Charles County Branch of the National Association for the Advancement of Colored People (NAACP)

Maryland Small, Minority & Women Business Affairs

 

Charles County Chamber of Commerce

Diversity, Equity, and Inclusion Committee

U.S. Department of Commerce
Minority Business Development Agency (MBDA)

  Maryland Black Chamber of Commerce

U.S. Department of Transportation
Disadvantaged Business Enterprise Program

  MD Washington Minority Contractors Association, Inc.

U.S. Small Business Administration (SBA)
SBA 8(a) Business Development Program

 

National Minority Supplier Development Council

    National Urban League
   

Southern Maryland Black Business Directory

   

Southern Maryland Minority Chamber of Commerce

   

U.S. Black Chambers

   

U.S. Chamber of Commerce
Equality of Opportunity Agenda

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