Washington Post: He put it all on the line opening his butcher shop a year ago. Then the pandemic hit.

Washington Post: He put it all on the line opening his butcher shop a year ago. Then the pandemic hit.. “He remembers the moment it came to him, about 10 years ago — his dream. It was when he really understood the marketplace and what people were willing to spend on something he always considered ordinary. ‘Growing up, my moms would spend $150 to fill the refrigerator and we would eat for weeks,’ Wendell Allsbrook said. And his big hands held an imaginary plate to illustrate his next point. ‘I just sold a family $150 of meat for one night. That was my wake-up call.’”

ProPublica: The Pandemic’s Existential Threat to Black-Owned Businesses

ProPublica: The Pandemic’s Existential Threat to Black-Owned Businesses. “There are disparities between American businesses owned by white people and those owned by all minority groups, but the widest ones are typically with Black entrepreneurs, who tend to have modest family wealth and thin professional networks to help recruit talent and cut deals. Although the number of Black-owned businesses has grown in recent years, the vast majority remain sole proprietorships. As of 2012 — the most recent data the Census Bureau has collected — average annual sales for a Black-owned business came to about $58,000, compared to nearly 10 times that amount for the average white-owned enterprise. Those years of compounding disadvantage have been exacerbated by the pandemic.”

Grit Daily: Does Google’s Black-Owned Business Search Really Help Black Entrepreneurs? We Asked Them.

Grit Daily: Does Google’s Black-Owned Business Search Really Help Black Entrepreneurs? We Asked Them.. “Google first introduced the tool last summer, but is promoting it during Black history month as a reminder that the fight for racial equity is nowhere near over. You may notice it right now on Google’s home page, for example. Now, nearly a year later, we spoke with Black business owners from around the United States on how Google’s tool has impacted their business, as well as how they think major tech companies like Google can continue to help them in the future.”

CBC: Initiative to promote Black-owned businesses goes national with launch of new database

CBC: Initiative to promote Black-owned businesses goes national with launch of new database. “The Torontonian creator of a website and social media account spotlighting local Black-owned businesses is taking her initiative across the country with the launch of an expanded online store and a national database she hopes will soon have hundreds of listings. Black Owned Canada debuted this week and its founder, Kerin John, is calling on business owners across the country to sign up to be featured.”

BNN Bloomberg: New Site Solicits Pledges to Black Causes, Starting at $100,000

BNN Bloomberg: New Site Solicits Pledges to Black Causes, Starting at $100,000. “A new online database, called 100kPledge, will track individuals and organizations that commit anywhere from $100,000 to $100 million over 10 years to hire Black people, invest in Black-owned businesses or donate to causes supporting Black communities. An initial group of founding members — more than 130 professionals, including Reshma Saujani of Girls Who Code — have pledged $140 million already.”

TechCrunch: This public spreadsheet lists Black founders who have raised VC, and the investors backing them

This is from July and it completely flew past me. TechCrunch: This public spreadsheet lists Black founders who have raised VC, and the investors backing them. “Finding out how many Black founders have successfully raised venture capital, and which venture capital firms invested in their startups hasn’t been an easy task, historically. Venture capital data is often diceable by stage, say, or by startup type. But if you wanted to know how many Black founders a particular firm had invested into, that information has been hard to come by. Until now, that is.”

Washington Post: Residential segregation plays a role in coronavirus disparities, study finds

Washington Post: Residential segregation plays a role in coronavirus disparities, study finds. “Counties with the highest percentage of White residents have had the lowest rates of coronavirus infections, even as infections have increased with the reopening of some states’ economies, an indication that residential segregation is a significant factor in the pandemic’s spread, a study has concluded.”

Oprah Magazine: 117 Black-Owned Bookstores in America That Amplify the Best in Literature

Oprah Magazine: 117 Black-Owned Bookstores in America That Amplify the Best in Literature. “From online book boutique Sistah Scifi—a shop that strictly sells Afrofuturism novels—to children’s bookstore The Listening Tree in Decatur, Georgia, there are plenty of diverse Black-owned bookstores you can safely shop at right now, and always, no matter how much (or little) the nation is focused on a longtime continuing struggle.”

Fed study: Covid-19 overwhelmingly strikes counties with most Black businesses (Politico)

Politico: Fed study: Covid-19 overwhelmingly strikes counties with most Black businesses. “The Black community has been disproportionately battered by the coronavirus, as numerous studies have shown. Now, the Federal Reserve Bank of New York has quantified just how hard an economic punch the pandemic has delivered. Thirty counties account for 40 percent of receipts from Black-owned businesses, and 19 of those areas — roughly two-thirds — have the highest number of coronavirus cases in the country, according to new research from the New York Fed. By contrast, counties with more white-owned firms have a lower share of cases.”

USA Today: Facebook adds new tool to help users find local Black-owned businesses

USA Today: Facebook adds new tool to help users find local Black-owned businesses. “Facebook is enabling users to discover Black-owned businesses through a new feature on the platform. The social networking giant is rolling out a self-designation tool for Pages that lets entrepreneurs and admins identify businesses as Black-owned. The companies will then appear under a ‘Black-Owned Businesses’ header on the website’s Nearby Businesses front.”

BK Reader: New Online Rolodex Spotlights Minority-Owned Small Businesses This Black Business Month

BK Reader: New Online Rolodex Spotlights Minority-Owned Small Businesses This Black Business Month. “A new rolodex of Black, Brown and women owned small businesses in New York City is being launched online this National Black Business Month. The Big Black Book NYC, a social media directory collating and promoting minority owned businesses, is launching its new website to celebrate local entrepreneurs, coinciding with the directory’s third anniversary.”

CNET: Google will help you find Black-owned businesses

CNET: Google will help you find Black-owned businesses. “Google is adding new ways to help users find and support Black-owned businesses, the search giant said Thursday. US merchants with a verified Google Business Profile can now add a Black-owned business attribute to their profile so customers can see that it’s Black-owned when they find that business through Google Search and Maps, according to a blog post.”

Republican American: Black-owned businesses in state get their own website

Started in January and I apparently missed it. From the Republican American: Black-owned businesses in state get their own website. “A collaborative effort by a team of 30 volunteers, the website has a directory with links to Black-owned businesses in the state and also provides marketing resources for them. Since its launch July 1, 775 businesses, covering everything from restaurants to consultants to photographers, have signed on.”