American businesses have suffered the most with 41% closing nationally. To put this plight into better context, 22 percent of businesses closed overall.
Washington D.C. holds the highest percentage of Black-owned businesses than anywhere else in the country. For many years, Black-owned businesses added employees at double the average of businesses overall. With over 1 in 4 businesses being Black owned, losing 41% of them is devastating for communities, countless families, and our region as a whole.
As part of our Apex in Action initiative, Apex is partnering with SCORE DC & MagicMakers Group to help Black Entrepreneurs. We are proudly sponsoring an amazing virtual business pitch event with this great organization. SCORE DC helps small business by providing free business advice and mentoring. Plus they offer low, or no-cost business training, free business templates and other resources. SCORE DC is a wonderful resource for those starting a business because African American Entrepreneurs often lack economic and business resources available to other Entrepreneurs.
If you or anyone you know is interested in learning more about SCORE, you can visit their site here.