The business industry has been massively impacted by the COVID-19 pandemic; its lasting effects have been felt throughout various industries to this very day. Experts have predicted a 41 percent decrease in the number of black-owned businesses as a result of the global pandemic. In comparison, only 17 percent of white-owned businesses will see a significant loss. The Innovation Black Chamber of Commerce (IBCC) hopes to lessen the negative impact through the IBCC Holiday 5K, a fundraising fun run event.
By participating in the fun run, the community is given the responsibility of helping the local commerce by taking literal steps for economic health. The black community has always been a resilient group of people. They have relentlessly overcome the challenges that their people have faced throughout the years. Through their strength and resilience, they have managed to change the systems that sustain their oppression.
The Innovation Black Chamber of Commerce fully understands its social responsibility in helping black business owners navigate the harsh effects of the pandemic. They are an organization that fully understands what it means to support the growth of black-owned businesses, an industry that has seen an upward trend for several years now.
Black-owned businesses have seen a massive spike in numbers from 2012 to 2017, growing by 79 percent in a short span of time. From 1997 to 2015, the number of businesses owned by black women has grown by an astounding 322 percent, making them the largest growing group of entrepreneurs at the time. The IBCC hopes to fully sustain the growth by helping black-owned businesses pick themselves back up.
The organization is on a mission to promote the economic development of business entities while strategically focusing on Black-owned, veteran-owned, and technology companies. Innovation Black Chamber of Commerce aims to foster a community that promotes economic independence and prosperity all over Texas. They are the leading providers of innovative technology-driven training that assists business owners with different backgrounds and ethnicities.
Through their continuous support of providing premier education to business owners, the IBCC has managed to positively impact the economic development of the business industry and empower the black community at the same time. Their event called the Holiday 5K Fun Run, aims to assist the black community further by raising funds for a good cause.
The event is part of an effort to raise funding for the IBCC’s Black Business Relief Grant. Black-owned businesses that are in dire need of financial assistance are encouraged to apply for the Black Business Relief Grant by applying at the organization’s official website.
Innovation Black Chamber of Commerce has inspired and motivated business owners far and wide. As the organization puts its focus on helping the black community revitalize their business industry, they are creating ripples in an ocean of positive change. The organization hopes to assist more and more people as the years go by, and they won’t be stopping any time soon.
Find out more about the amazing things that the IBCC has done for business owners by dropping by their official website.