Celebrating Black History Month
As we swing into February and celebrate Black History Month, let’s reflect on the numbers that highlight the importance of where we choose to spend our dollars this month:
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$44,900 vs. $285,000: In 2022, the median net worth of Black families was just $44,900, compared to $285,000 for white families. Supporting Black-owned businesses can help close this wealth gap and foster generational wealth.
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12.4% vs. 3%: Black adults make up 12.4% of the U.S. population, but only 3% of U.S. businesses are Black-owned. Boosting support for these businesses drives equity, employment, and economic growth.
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$25.8 Billion: Last year, Americans spent a staggering $25.8 billion on Valentine’s Day. Imagine the difference we could make by shifting even a fraction of that spending to local, independent businesses, especially Black-owned ones.
These numbers remind us how intentional spending can create real change.
As we celebrate Black History Month, let's make a commitment to support the incredible entrepreneurs that make up the heartbeat of our city. Whether you are looking for a gift, skincare, imagery, or simply enjoying a local meal, there is always a chance to support a Black-owned business that contributes to Charleston's diverse community:
These are just a few locally owned businesses in our community. Uplifting and investing in the entrepreneurs who shape the vibrence of Charleston, starts with you!