August Is Black Business Month but What Happens After August Ends?

Black Business Month brings the spotlight. We ask what happens to Black-owned businesses once it fades, and after.
Black Business

Every August, our timelines fill with lists of Black-owned restaurants, clothing brands, bookstores and beauty companies to support. Many cities host pop-up shops, companies spotlight Black entrepreneurs and consumers are reminded to shop Black.

The attention is important, and Black business owners deserve to be celebrated. But what happens to Black businesses when August ends?

The spotlight fades. The campaigns end. Many people return to their usual shopping habits. Meanwhile, those same business owners still have inventory to move, employees to pay and bills that do not disappear just because Black Business Month is over.

Black Business Month was created in 2004 by entrepreneurs Frederick E. Jordan and John William Templeton to recognize Black-owned businesses and bring attention to the challenges Black entrepreneurs face. More than two decades later, the month continues to give Black businesses valuable exposure. Still, celebration was never supposed to replace real support.

The numbers show how much Black businesses already contribute to the economy. According to the U.S. Census Bureau, Black-owned firms with employees generated $249 billion in receipts in 2023. Black entrepreneurs also owned approximately 4.4 million businesses without paid employees, which brought in another $128.7 billion. These are not small contributions.

At the same time, success does not erase the barriers many Black entrepreneurs face. Federal Reserve Small Business Credit Survey data has consistently shown that Black-owned businesses are more likely to face financial challenges and be denied financing than white-owned businesses. That can make it harder to hire, expand, purchase equipment or survive a difficult season.

So, yes, buying from a Black-owned business in August matters. But one purchase during a month of celebration cannot carry a business through the rest of the year.

Think about the last Black-owned business you supported. Did you return after your first purchase? Did you tell someone else about it? Did you leave a review? Or did you support it once and move on?

That question is not meant to make anyone feel guilty. Most people shop based on convenience, price and habit. We return to the same stores because they are familiar. But habits can change when we become more intentional about where our money goes.

When I think about supporting Black-owned businesses year-round, I think about the hair products I use. I do not purchase them only because August reminds me to support Black businesses. I keep buying them because they work for my hair and have become part of my routine. That is what consistent support can look like. It does not always require a major campaign or social-media post. Sometimes it means finding a Black-owned business that meets a real need and continuing to show up as a customer.

I think that is where people sometimes misunderstand what supporting Black businesses looks like. It is often treated like a cute gesture, something nice to do once so we can say we participated. Black entrepreneurs do not need to be treated like a charity project. They need the same thing every business needs: returning customers, positive reviews, recommendations and opportunities to grow. We really do need one another’s support, and that support becomes meaningful when it continues after the moment is no longer trending.

When August ends, Black entrepreneurs will still be working. They will still be creating, serving customers and trying to grow something that can outlive a social-media trend. The real question is whether our support will continue with them.