Facebook is expanding on its support for black-owned businesses in the US, with its first #BuyBlack Summit and a range of other initiatives during August.
To continue sustaining initiatives in support of black communities, Facebook is now providing new ways to make an impact, including a free, one-day virtual summit, resources, and spotlights on Black-owned businesses.
On August 24, Facebook Elevate, a community and learning platform created to accelerate the growth of entities of color and celebrate black creators, will launch its first-ever #BuyBlack Summit.
Related | Facebook Pledges To Increase Diversity In Innovation
The event, created in partnership with the US Black Chambers, will be a free, one-day virtual conference hosted by standup comedian, actress, and podcast host Michelle Buteau.
Discussions will be centered around subjects like learning how to drive sales ahead of the holiday season, and how to access capital for your small business.
Facebook’s initiatives are also aimed at providing insights and education for the continued support of the Black community and businesses. It has created a PDF guide that can be downloaded for free, providing resources to help diversify investments, learn how to accelerate inclusive representation, and find inspiration for taking meaningful action.
Finally, to offer a spotlight for black-owned businesses, Facebook is continuing an initiative it started about a year ago, by catching up with how businesses who shared stories of resilience are doing now, and what their next steps are for their business journeys.
Furthermore, Facebook will spotlight these stories on its Business News page as well as on its social media pages.
Black-owned businesses in the US have been among the hardest hit by the pandemic, reporting sales losses that sometimes reached more than 50%.
Last year, Facebook made a commitment to investing in Black communities, investing $100 million in black businesses, creators, and nonprofits, and pledging to spend $100 million annually with black-owned suppliers.
It also celebrated “Black-owned Businesses Month” in August with a range of events and resources.
You might also like
More from Facebook
Meta Is Killing Its Messenger For Apple Watch App
Meta announced it will remove the Messenger for Apple Watch app on May 31 “After May 31st, Messenger won’t be available …
Facebook And Instagram Start Selling Blue Checks With Meta Verified
Meta Verified will give you a blue check badge on both Facebook and Instagram, along with other benefits for $12 …
Meta Brings Back #BuyBlack Friday For A Third Year
Meta is bringing back #BuyBlack Friday for a third consecutive year in North America. Meta emphasized the importance of the Holiday …
Facebook Is Giving You More Controls Over What You See On Your Feed
Facebook is introducing new "show more" and "show less" controls to let you adjust what you want to see on …
Meta Introduces Facebook Reels API, Offering An Option To ‘Share To Reels’
Meta has introduced the Facebook Reels API, a solution allowing developers to build a 'share to reels' option into their …
Facebook Gets Into Delivery With DoorDash Partnership
DoorDash is partnering with Meta to pilot Facebook Marketplace deliveries across multiple cities in the U.S. Drivers will only transport items …
Meta Rolls Out Horizon Worlds In France And Spain
Meta Horizon Worlds, the VR community and game, is now available in France and Spain.
Meta Refreshes Facebook Groups With New Features
Facebook Groups now have an updated invitation system to reduce admin workloads and limit sharing of misinformation.
Meta Offers Digital Security Course For Journalists And Human Rights Defenders
The Meta Journalism Project and the ICFJ have put together a self-paced 90-minute course and webinars to provide online safety …
