February marks Black History Month across many countries, but did you know that August is recognized as Black Business Month? This annual celebration shines a spotlight on Black entrepreneurs, their contributions to the global economy, and the importance of supporting Black-owned businesses year-round.
For immigrant families and international communities, Black Business Month offers a unique opportunity to celebrate and support Black entrepreneurs both in your current country and back home. Whether you’re looking to redirect your spending, send money to support Black-owned businesses in your home country, or discover new enterprises in your community, August provides the perfect moment to make a meaningful impact.
This guide will help you understand the significance of Black Business Month, discover ways to support Black-owned businesses internationally, and learn how your financial choices can create positive change across borders.
What Is Black Business Month?
Black Business Month was established to recognize and celebrate the achievements of Black entrepreneurs and business owners. Founded by John William Templeton in 2004, this annual observance takes place every August and aims to increase awareness about Black-owned businesses while encouraging consumers to support them.
The month-long celebration highlights the economic impact of Black-owned businesses and addresses the unique challenges they face. According to recent data, Black-owned businesses contribute hundreds of billions of dollars to the global economy, yet they often struggle with access to capital and resources compared to other businesses.
Black Business Month serves multiple purposes: it educates consumers about available Black-owned businesses, encourages economic empowerment within Black communities, and promotes the importance of diverse entrepreneurship in building stronger economies worldwide.
Supporting Black-Owned Businesses Internationally
Finding Black-Owned Businesses in Your Home Country
Many immigrants want to support Black-owned businesses in their countries of origin. Start by researching online directories and social media groups that feature Black entrepreneurs in your home country. Countries like Nigeria, Kenya, South Africa, Jamaica, and Brazil have thriving Black business communities across various industries.
Consider these sectors when looking for businesses to support:
- Technology startups and fintech companies
- Fashion and textile manufacturers
- Food and agriculture businesses
- Beauty and personal care brands
- Professional services and consulting firms
Using Money Transfers to Support International Black Businesses
When you discover Black-owned businesses in your home country that you’d like to support, sending money internationally becomes a powerful tool for economic empowerment. You can send funds to family members with specific instructions to shop at certain Black-owned stores, or directly purchase products and services online from these businesses.
Popular ways to support include:
- Purchasing products online and having them delivered to family
- Sending money for family members to shop at specific Black-owned stores
- Contributing to crowdfunding campaigns for Black entrepreneurs
- Supporting Black-owned restaurants by paying for family meals
Black-Owned Businesses in Your Current Country
North America and Europe
Major cities across North America and Europe host vibrant Black business communities. From tech startups in Toronto and London to restaurants in Brooklyn and Manchester, Black entrepreneurs are creating innovative solutions and cultural experiences.
Research local directories, check social media platforms, and ask community members for recommendations. Many cities now maintain official lists of Black-owned businesses to make discovery easier.
Supporting Local Communities
Supporting local Black-owned businesses creates economic opportunities within your immediate community. This support helps create jobs, builds wealth, and strengthens neighborhoods where you live and work.
Consider these approaches:
- Shop for groceries at Black-owned markets
- Dine at Black-owned restaurants
- Use Black-owned professional services
- Purchase gifts from Black-owned retailers
Making Your Support Count Year-Round
Beyond August: Creating Lasting Impact
While Black Business Month raises awareness in August, meaningful support requires year-round commitment. Consider setting monthly budgets for supporting Black-owned businesses both locally and internationally.
Track your spending to ensure you’re consistently supporting Black entrepreneurs. Many families dedicate a percentage of their monthly budget specifically for this purpose.
Sharing and Promoting
Amplify Black-owned businesses by sharing your positive experiences on social media, leaving reviews, and recommending them to friends and family. Word-of-mouth marketing remains one of the most effective ways to help small businesses grow.
When you send money internationally, encourage your recipients to support Black-owned businesses in their communities too. This creates a network of support that spans countries and cultures.
Practical Steps for International Support
Research and Planning
Before sending money to support Black-owned businesses internationally, research thoroughly. Look for authentic businesses with good reputations and clear contact information. Social media platforms, business directories, and local community groups can provide valuable insights.
Safe Money Transfer Practices
When sending money internationally to support Black-owned businesses, use trusted money transfer services that offer:
- Competitive exchange rates
- Transparent fees
- Secure transactions
- Fast delivery options
- Customer support in your language
Coordinating with Family
If you’re sending money to family members to shop at specific Black-owned businesses, communicate clearly about your intentions. Share business names, locations, and any special instructions to ensure your support reaches the intended recipients.
Frequently Asked Questions
Can I send money directly to Black-owned businesses internationally?
Yes, many Black-owned businesses accept international payments through various methods including wire transfers, online payment platforms, and money transfer services. Always verify the business’s preferred payment method before sending money.
Are there specific money transfer services that support Black-owned businesses?
While most money transfer services are available for any legitimate business transaction, some companies specifically partner with or promote Black-owned businesses. Research transfer services that align with your values and offer the features you need.
What’s the best way to find Black-owned businesses in other countries?
Start with online searches, social media groups, and diaspora communities in your current location. Many countries have Black business associations or chambers of commerce that maintain directories of member businesses.
Can I support Black-owned businesses through online purchases from another country?
Absolutely. Many Black-owned businesses offer international shipping or digital products and services. Online marketplaces and business websites often indicate international shipping policies clearly.