A new report from the Black Chamber of Arizona reveals that Black-owned businesses in the state made a significant contribution to the economy last year, generating $2.2 billion in sales and creating or supporting roughly 13,000 jobs. The analysis highlights the importance of minority entrepreneurship, showing that companies owned by Black entrepreneurs have had a substantial impact on both job creation and economic development in Arizona.
Despite their positive impact, Black business owners continue to face unique challenges, such as limited access to capital and resources. The Chamber’s report calls for continued support and targeted initiatives to help level the playing field and foster even greater economic participation. Read the original Arizona home sales article.