President’s Corner continued..
business owners who overcome challenges to achieve remarkable growth.
and technical services, followed by construction, health care, and retail trade. • Women-owned businesses represent 38.5% of all small businesses, while minority-owned businesses make up 16.8%. • Small businesses also played a major role in job creation, contributing a net increase of 91,997 jobs, which is 73.4% of the total job growth during that period. • In 2021, banks issued $2.2 billion in loans to Colorado businesses with revenues of $1 million or less.
The Intersection of CBCC and National Small Business Month The synergy between CBCC’s mission and the objectives of National Small Business Month creates a powerful narrative of resilience and growth. By celebrating the achievements of Black entrepreneurs and providing resources to overcome barriers, CBCC exemplifies the spirit of National Small Business Month. Events hosted by CBCC during this month often feature keynote speakers, panel discussions, and networking sessions designed to inspire and educate. These gatherings not only celebrate success but also address pressing issues such as funding strategies, marketing trends, and the integration of technology in business operations.
Dr. Angelic Cole President & CEO Colorado Black Chamber of Commerce
Looking Ahead: Building a Legacy of Excellence
As CBCC continues to expand its reach and impact, its role in shaping the future of Black-owned businesses remains pivotal. The Chamber’s commitment to advocacy, education, and community engagement ensures that its members are equipped to navigate the complexities of the business world. National Small Business Month serves as a reminder of the importance of supporting small businesses year-round. By fostering partnerships, promoting inclusivity, and celebrating diversity, organizations like CBCC contribute to a more equitable and prosperous economy. Here are some statistics: • Colorado is home to approximately 691,230 small businesses, which make up 99.5% of all businesses in the state. • These small businesses employ around 1.2 million workers, accounting for 49.6% of private-sector employment. • Small businesses in Colorado generated over $225 billion in total economic output in 2020. • The most prominent industries for small businesses include professional, scientific,
Share Your Story with Us! Are you a Black business owner in Colorado making an impact? We’re seeking submissions for our “Black Businesses on the Move” section! In 500-1,000 words, tell us what sets your business apart, your contributions to the community, and any challenges you’ve overcome. Please include relevant photos and/or bios to accompany your story. Send your submissions to: TheAcumen@cbcc.biz. Let’s celebrate your achievements and inspire our community together!
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The Acumen
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