Amazon’s $150 Million Commitment to Black-Owned Businesses

Amazon's $150 Million Commitment to Black-Owned Businesses

Small business owners across the U.S. are trying to recover from the damage caused by the COVID-19 pandemic, but the number of those negatively impacted is disproportionately higher among Black-owned businesses.

Black Americans own only 6% of the retail businesses, but represent 14% of the US adult population – a difference that illustrates the barriers faced by minority entrepreneurs.

Amazon’s Black Business Accelerator program aims to build sustainable equity and growth for Black entrepreneurs by enabling their success as sellers in its store.

In partnership with non-profit organizations with demonstrated success in supporting Black-owned businesses, Amazon will provide financial assistance, business education and mentorship, and marketing and promotion to enable economic advancement for Black entrepreneurs.

Brandi Neloms, Amazon Manager, shares information about how the company is investing in the success of Black-owned businesses and expanding on the many ways it empowers small businesses.

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