August is National Black Business Month in the United States, a month-long celebration of Black-owned businesses across the country. This spotlight on Black businesses began in August 2004 when John William Templeton, president and executive editor of eAccess Corp., a scholarly publishing company, and engineer Frederick E. Jordan, Sr. founded National Black Business Month to draw attention to the needs of Black entrepreneurs.i
According to the US Census Bureau, Black or African American-owned businesses represent over 9 percent of all U.S. businesses and there are more than 2 million Black or African American-owned businesses nationwide. However, while the number of Black or African American-owned firms represented 9.4 percent of all firms, the sales generated from these firms were less than half of a percent (0.4 percent) of the total sales for all firms.
National Black Business Month is a time to recognize the contributions of Black entrepreneurs. One way that Office Depot is highlighting the unique and important contributions of minority small businesses is through the Elevate Together™ powered by Round It Up America® initiative, founded by The ODP Corporation (parent company of Office Depot) in 2021 to help accelerate the creation, growth and prosperity of Black and Hispanic-owned small businesses. Through a partnership with the National Urban League’s Entrepreneurship Centers and the U.S. Hispanic Chamber of Commerce, the initiative helps support Black and Hispanic small businesses with five or less employees through education, access, and aid. In just six months since The ODP Corporation launched the initiative, nearly $1.5 million has been raised to support minority small businesses, including a direct corporate contribution of $250,000.
As part of this initiative, eligible minority small business owners will gain access to educational workshops, training and mentorship services, professional networks and more. Businesses may also be eligible to receive aid in the form of cash grants, products, and services.ii
Office Depot also offers an exceptional choice of innovative products and services to its customers through its robust supplier diversity program, which provides opportunities for small and diverse-owned businesses to grow and succeed.
All content provided herein is for educational purposes only. It is provided “as is” and neither the author nor Office Depot. warrant the accuracy of the information provided, nor do they assume any responsibility for errors, omissions or contrary interpretation of the subject matter herein. ihttps://www.blackenterprise.com/celebrating-black-business/ iihttp://www.elevatetogether.org
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