Juneteenth, also known as Freedom Day or Emancipation Day, is a holiday in the United States that commemorates the end of slavery. This important holiday is celebrated on the 19th of June every year and marks the day when Union General Gordon Grainger arrived in Galveston, Texas, and announced that all slaves were free. As we celebrate this day, it’s important to acknowledge the impact that black business owners have had on our society and economy.

The history of black entrepreneurship in the United States is long and rich, dating back to the early 19th century. During this time, free blacks and former slaves established businesses in a variety of industries such as shoemaking, tailoring, and hairdressing. The success of these businesses was often impeded by racism and discrimination, but many persevered and became pillars of their communities. Some of the most famous black-owned businesses from this time period include Madame C.J. Walker’s hair care products and Robert Church’s Peabody Hotel.

Fast forward to the present day, and black entrepreneurship is still making an impact on our economy. According to the US Census Bureau, there are over 2.6 million black-owned businesses in the US, generating over $150 billion in revenue. Despite this significant contribution, black-owned businesses still face numerous challenges. These challenges include limited access to capital and resources, a lack of visibility and recognition, and systemic racism.

As a small business owner, it’s important to support black-owned businesses. This can be done in a variety of ways, such as shopping at black-owned businesses, investing in black-owned companies, or mentoring and supporting black entrepreneurs. Supporting black-owned businesses not only helps to close the racial wealth gap but also adds to the diversity and vibrancy of our communities.

One way to celebrate Juneteenth and support black-owned businesses is to attend local events and festivals. Many cities host Juneteenth festivals that highlight black-owned businesses, artists, and performers. These events are not only fun and informative but also provide a platform for black entrepreneurs to showcase their products and services.

Another way to support black-owned businesses is to make a conscious effort to buy from them. This could mean shopping at a black-owned grocery store, buying products from a black-owned online store, or choosing a black-owned restaurant for your next meal. When you buy from black-owned businesses, you’re not only supporting the individual business, but you’re also contributing to the larger movement of economic justice.