As the global economy steadily recovers from the long-term impacts of COVID-19, many small business owners are focusing on recovering the local economy. According to a recent report by McKinsey & Company, "entrepreneurs and business ownership - particularly of community-based businesses - are crucial ways to develop community wealth, for both business owners and the people they employ."
Oftentimes, consumers tend to shop local during special occasions and holidays. For example, Juneteenth is a major holiday for black business owners. However, it is crucial that we continue to encourage the health and longevity of black-owned businesses year-round. Healthy black-owned businesses could be a critical component for closing the United States' black-white wealth gap, which is projected to cost the economy $1 trillion to $1.5 trillion per year by 2028. Steadily incorporating black-owned products into your daily routine allows you to create a positive habit that benefits the local economy.
Two great resource to find black-owned businesses in the greater Charlottesville region are the United Way Black Business Guide and the CACVB "Black Cville" Guide. These guides are intended to highlight black-owned and operated businesses and their services. Both have numerous different categories of goods and services, and the directories continue to grow as new businesses are developed and incorporated.
Eric Massie, Cavalier Barber