Nationwide Movement to Mobilize 100,000 Black Entrepreneurs Begins

ย We are exciting to share the news with you!

The Black Entrepreneur Initiative, a broad coalition of Black community leaders, philanthropists, educators, clergy, and business leaders, united behind the mission of creating immediate change in the Black community, today launched a nationwide movement to mobilize 100,000 Black entrepreneurs. The Black Entrepreneur Initiative provides current and aspiring Black business owners with single-point access to the foundational entrepreneurial skills, tools and support they need to start or grow a business.ย 

Persistent systemic economic inequalities have created a staggering wealth gap for Black Americans with profound ramifications.ย  And while many businesses struggled because of COVID-19, 41 percent of Black-owned businesses were driven fully out of business. The Black Entrepreneur Initiative is intent on fundamentally altering this dynamic, by helping 100,000 Black business owners become stronger, more confident, capable and resilient business leaders.

Everyone Plays a Role

โ€œWorking for social and economic justice is something everyone can agree upon, and everyone has a role to play,โ€ said Ebony Young, President of The Lonely Entrepreneur 501c3, the non-profit behind the Black Entrepreneur Initiative. โ€œThe Black Entrepreneur Initiative is bringing together corporations, philanthropies, business leaders and communities with Black entrepreneurs to do the hard work that needs to be done. Together, we will rewrite the future for Black entrepreneurs, Black economics and the Black community as a whole.โ€

The Black Entrepreneur Initiative has assembled a broad coalition of community leaders, business experts and media personalities and athletes

“We WILL be there with you every step of the way.”ย 

โ€œThe time for waiting is over, the time to act is now,โ€ said Bishop Mitchell Taylor, noted community leader and activist representing Queensbridge, New York Cityโ€™s largest housing project. โ€œStrengthening Black entrepreneurs means building community wealth, building localized resources, and building a foundation of business skills and knowledge that will endure for generations.โ€ย ย 

ย The Black Entrepreneur Initiative was established in partnership with The Lonely Entrepreneur, a New York-based 501c3 with a mission to empower 1 million entrepreneurs around the world.ย 

ย โ€œBeing an entrepreneur is hard enough. Black entrepreneurs have had to overcome fundamental inequities on their path to success,โ€ explains Michael Dermer, Founder of The Lonely Entrepreneur. โ€œWith The Black Entrepreneur Initiative we will help ensure the talent, desire and drive within the Black community is no longer suppressed by the system.ย  Together we are going to unleash the limitless possibilities of 100,000 Black entrepreneurs.โ€ย 

For more information on the Black Entrepreneur Initiative or to become a corporate sponsor or ambassador please visit https://lonelyentrepreneur.com/bei

1. The Brookings Institution https://www.brookings.edu/blog/up-front/2020/02/27/examining-the-black-white-wealth-gap/

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