Black business ownership didn’t increase 400 percent this year

KYRA HAAS | August 27, 2018

article image
Conservative bloggers are championing a survey that they say indicates a 400 percent jump in the number of black-owned businesses in the United States in the past year and they’re attributing that supposed increase to President Donald Trump.Trump has pointed to low African-American unemployment rates throughout his presidency, calling them "the lowest ever recorded in our country." While that’s true, we found African-American unemployment has been decreasing gradually since it peaked at 16.6 percent in 2010.This new claim of a skyrocketing number of black business owners originates from a 2017 client email survey conducted by two private companies and focused on small businesses. The aggregated findings, posted on the companies’ websites in January, do not reference Trump. For example, the conservative website Think Americana published an article titled, "MAGA: Black business ownership jumps 400% in one year under Trump."

Spotlight

BuySeasons, Inc.

Since then, we have grown into being the leading online retailer of costumes, accessories, party supplies, and party décor. Our goal is to make sure that our customers have as much fun as we do. We are always dedicated to offering the largest selection at the lowest prices, so you can spend less time planning and more time partying!

OTHER ARTICLES

How to Pivot Your Small Business Strategy During the COVID-19 Crisis

Article | April 1, 2020

As small business owners, we’re prepared for a lot of things, whether it’s a seasonal shift in sales or an unexpected employee absence we have to step in and cover. But we’ve never seen anything like the COVID-19 pandemic, leaving us uncertain about how to cope in these strange times. I know that this is a scary and isolating time both personally and professionally. I hope you’re staying safe and healthy, and that this article can help you with planning for business challenges related to the coronavirus. I’ve personally had to pivot many times as an entrepreneur, and while it can be stressful, it can also be a time of innovation and growth.

Read More

How to Grow Your Business’s Instagram Followers

Article | June 26, 2021

decorative arrow How to Grow Your Business’s Instagram Followers Author: Dawn Weinberger | June 26, 2021 With more than one billion users worldwide, Instagram is undoubtedly a well-known social media application with a lot of reach. Launched on October 6, 2010 with the founder’s photo of a stray dog, the app is filled, of course, with memes, cute pet photos and other entertainment-oriented content, but it is also a valuable marketing tool that can play an important role in your small business’s marketing strategy. Statistics indicate that business owners are taking advantage of Instagram’s clout—71% of businesses use Instagram to at least some degree. Perhaps more importantly, 81% of Instagram users (meaning consumers with personal Instagram accounts) turn to the platform for information on products and services before making a purchase. This includes everything from doing research on products and services to getting the particulars on promotions and sales to finding links to websites and contact information. All add up to a potential goldmine for small business owners interested in updating their digital marketing campaigns with proven e-commerce strategies.

Read More

How to Create an LLC

Article | June 29, 2021

An LLC is a Limited Liability Company. Lots of people say Corporation, but that’s not correct.A corporation is owned by individuals who purchase shares. An LLC has owners who invest money into the company.Here’s why small business owners like the “limited liability” part of LLCs so much. Their personal assets are protected. The liability amount that could be assessed is limited to the amount of money an owner invested in the business.

Read More

The Importance of SEO for Small Business Websites

Article | February 28, 2020

An understanding of SEO for small business – SEO is short for search engine optimisation – and its benefits for small business is imperative to increase sales and focus your digital marketing. With Google by far the most popular search engine, optimising your website for the search engine giant’s organic–or non-paid–search results should be one of your chief priorities. This will increase visitors to your website, which can lead to more sales.

Read More

Spotlight

BuySeasons, Inc.

Since then, we have grown into being the leading online retailer of costumes, accessories, party supplies, and party décor. Our goal is to make sure that our customers have as much fun as we do. We are always dedicated to offering the largest selection at the lowest prices, so you can spend less time planning and more time partying!

Events