ELI5: Explain Like I'm 5

Black-owned businesses

Black-owned businesses are businesses that are owned by black people. Just like any other business, these businesses can sell products or services and make money. A black-owned business can be anything from a small local store, a big company, or even an online shop. The importance of these businesses is that they can help create jobs in their communities and also help provide goods and services to people in the community. It can also help minority entrepreneurs access resources and get support from other black-owned businesses.