Statement from Assemblyman Michael Blake
Realizing
dreams by creating jobs and economic opportunities is what makes Black
businesses so critical. We take this moment to celebrate National Black Business Month, a month dedicated to entrepreneurship and Black economic
empowerment. Entrepreneurship continues to be the economic driver in
our communities and the key to unlocking opportunities and promise for
many individuals and families. Our vision in supporting Black-owned
businesses is realized by increasing access to capital, contracting and
counseling.
From
our continuous efforts through the "EnVolve" entrepreneurship program to
our Being Your Own Boss series supporting local female entrepreneurs,
many of whom are of African, Latina or African-American, we’re working
to strengthen Black-owned businesses in the Bronx. In the Bronx, the
number of African-American business owners was higher than the city
average, rising to 13% compared to 3% in all five boroughs. Moreover,
immigrants make up 60% of entrepreneurs in the Bronx, signaling our
commitment to fostering inclusiveness and diversity in our commercial
corridors.
The
US Census Bureau reported that there are 2.6 million black-owned
businesses nationwide, and while there was a 2.4% increase in Black
business growth nationally, New York City was 1 of the largest 25 cities
with 500 Black-owned businesses to see a decline in Black businesses.
With gentrification, income disparities, unemployment and rapid economic
change challenging business owners every day, we must continue to do
all we can to support Black-owned businesses as they are critical to
improving the economic state of the Bronx and throughout New York City.
Throughout
August and beyond, let us all support Black-owned businesses to create
jobs, increase economic growth and strengthen communities. Creating a
thriving business climate where there is community advancement and
sustainability, is how we continue #BuildingABetterBronx.
Assembly Member Michael Blake, 79th District
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