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.
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.
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.
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