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Fortune
Fortune
D. Steve Boland

Bank of America: ‘Black-owned businesses are growing–but they need our continued support to thrive’

(Credit: Getty Images)

As our nation draws attention to the significant contributions of historical Black figures this month, we must note the role Black entrepreneurs have played in those contributions and think about how we can further help Black-owned businesses thrive across the country.

While we faced a global pandemic and ongoing civil unrest, we also witnessed an incredible surge of talented Black entrepreneurs starting their own businesses. Across the United States, the rate of Black business ownership rose by 38% compared to pre-pandemic levels.

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