Black History Month provides an opportunity to celebrate the accomplishments of African Americans and recognize their contributions to the United States. This year, it is also an important time to focus on how to support Black-owned small businesses in Delaware. Small businesses are the backbone of the First State, and Black-owned businesses are an integral part of Delaware’s vibrant economy.
In 2020, Delaware Black Chamber of Commerce (DBCC) formed to help support and grow the state’s Black-owned businesses. The DBCC provides resources and support to entrepreneurs, including access to capital and mentorship. Additionally, the chamber provides networking and other opportunities to foster collaboration between Black-owned businesses.
The Delaware Economic Development Office (DEDO) also offers a variety of programs to help small businesses succeed. DEDO’s Small Business Assistance Center provides consultations, workshops, and loan programs specifically designed to help small businesses.
The Delaware Small Business Development Center (SBDC) provides free one-on-one business consulting services to entrepreneurs. They help businesses with planning, marketing, financial analysis, and more. Additionally, the SBDC offers a Minority Business Development Program to provide minority-owned businesses with the support they need to grow and succeed.
To help the local community invest in these businesses, the Delaware Department of State has launched the Delaware Investing Initiative. This program allows individuals, organizations, and businesses to invest in Delaware’s Black-owned small businesses. The program provides access to capital and to entrepreneurs who are looking to grow their businesses.
Black History Month provides an important opportunity to recognize the achievements of African Americans and to support Black-owned businesses in the First State. By utilizing the resources available, Delawareans can help ensure that these businesses have the support they need to succeed and thrive. By investing in their success, we can help create a more equitable and prosperous future for our state.