Library of Congress / Contributor / Getty Images By Rayna Reid Rayford ·Updated August 1, 2024
August is National Black Business Month, and ESSENCE is celebrating Black economic excellence and taking a look at the important history of Black cooperatives.
According to data from the last census, “there were 3.12 million Black-owned businesses in the United States, generating $206 billion in annual revenue and supporting 3.56 million U.S. jobs.” Inspiringly, “Black women
