African-American business owners
African-American Business Owners
Small businesses are essential to the growth of American economy. And, as a result, many federal grants and scholarships are available to promote necessary growth.
In specific areas of America, because of the history of slavery, the opportunities for African Americans to ascertain a privately owned business were few, if any. African-Americans were reduced to positions as field hands or house laborers; they waited years before finding the opportunity and acquiring sufficient capital to advance.
Today, African-Americans can receive a substantial amount of grant money from federal grant programs, for their business start up costs, or for education.
Many grants can be obtained from your state congressmen. Most congressmen and congresswomen have internet websites and from their websites, you can submit an application for grant assistance. Or you can contact the minority business development agency (MBDA) for more information and assistance.
Small businesses in USA have a 50% chance of failure before its second year of operation. But with the proper education, motivation and support, your new business can become a great success.. It is within your constitutional rights to take complete advantage of your education and develop a productive and lasting means of support.
Due to the respected struggles of past political African- American leaders, Black men ,as well as, black women, have many opportunities and resources available for their future and the future of their families.
The World Wide Web has opened up an array of resources for African-American small business owners, and those seeking to develop their small business plan. Any African Americans online at any time can access federal grant applications, contact politicians in their city, advertise their business, apply for loans and credit, or even continue their education.
Future possibilities are endless within the black culture.
These days African-American students can attend black colleges, join fraternities and sororities, such as, , Delta Sigma Theta Sorority, Alpha Kappa Alpha Sorority, Omega Psi Phi Fraternity, Alpha Phi Alpha Fraternity, Kappa Alpha Psi Fraternity, Zeta Phi Beta Sorority, Sigma Gamma Rho Sorority, Phi Beta Sigma Fraternity. With the college/university attendance at an all- time high for the U.S.A. African American community and small business owners, the black family, is more successful than ever.
African American entrepreneurs serve as valuable models for our youth. These youth can learn a deeper meaning to their heritage, as well as, understand how far in American history black men and women have come, as far as equal opportunity and affirmative action. Bearing witness to a person who is currently successful in his own business and the freedom that person is enjoying now, those youth can be inspired to work hard, study hard and never give up the fight for their own future to be as successful.
(please note: contrary to popular belief, the federal government has no money to give and does not give grants to start-up businesses! This is a hoax, however, specific non-profit organizations and communities may give grants to African-American start-up business owners and therefore it is recommended that if you are seeking funding for your start-up, that you search these types of sources or check with the SBA.gov for finding resources.)