Forbes Spotlight | 100 Black-Owned Businesses to Support
Voting with your pocketbook is one of the best ways to effect change in a capitalist society.
The U.S. is home to roughly 2.5 million Black-owned businesses, according to the Census Bureau. Although the vast majority are sole proprietorships or small-scale affairs, an increasing number have regional reach and national ambitions. Below, we resurface 10 Black entrepreneurs who have recently been featured in Forbes and provide a directory of an additional 90 Black-owned businesses to support. It is by no means an exhaustive list: We aren’t including numerous high-profile celebrity entrepreneurs like Oprah Winfrey or Rihanna or the many successful black business owners who sell services to other corporations, like World Wide Technology’s David Steward.
Founded in 2013 by Imira, 39,Mayvennis a venture-backed digital salon where customers buy human hair extensions and wigs and book appointments with stylists. Mayvenn employs 63 people (81% of whom are people of color) and it directs business to 3,000 black stylists across the country. Since salons have been forced to shut down during the pandemic, Imira hasraised$1.3 million in relief cash that he’s giving to his network of stylists. (For more, see ourForbes magazine story.)
Blavity
Founder: Morgan DeBaun
Headquarters: San Francisco
Description: online media company for black millennials
