National Black Family Business Day: Honoring Legacy and Success
National Black Family Business Day is a special day dedicated to celebrating and honoring Black family-owned businesses across various industries. It acknowledges the economic contributions, resilience, and legacy-building efforts of Black families who work together to create generational wealth and strengthen their communities.
Quick Facts
- When is it? August 26th annually.
- Tagged as: Celebration, Business, Legacy.
- What’s the hashtag? #BlackFamilyBusinessDay
- When was it founded? 2022.
- Who founded it? Dana Frank.
History of National Black Family Business Day
This day was created to recognize the unique contributions of Black family-owned businesses to society. It highlights the importance of generational entrepreneurship and how family collaboration can transform economic trajectories. Dana Frank, inspired by her own family’s multi-generational business journey, established the day in 2022 to shed light on the hard work and perseverance of Black families in business.
Timeline
- 1980s: Increased focus on minority entrepreneurship in the U.S.
- 2022: Dana Frank officially establishes National Black Family Business Day.
- 2024: The celebration gains national recognition as a platform for promoting Black family-owned businesses.
Dates by Next Year
| Year | Month & Date | Day |
|---|---|---|
| 2024 | August 26 | Monday |
| 2025 | August 26 | Tuesday |
| 2026 | August 26 | Wednesday |
| 2027 | August 26 | Thursday |
| 2028 | August 26 | Saturday |
| 2029 | August 26 | Sunday |
Observed
National Black Family Business Day is observed through various activities, including:
- Supporting Black family-owned businesses by shopping or dining at their establishments.
- Sharing stories of successful Black family businesses on social media using the hashtag #BlackFamilyBusinessDay.
- Hosting community events or panels to discuss the importance of generational wealth and entrepreneurship.
Fun Facts About National Black Family Business Day
- Only about 30% of family businesses survive into the second generation, making this celebration even more significant for those who thrive.
- Many Black family-owned businesses were started as a means of overcoming systemic barriers to traditional employment opportunities.
Quiz
- Who founded National Black Family Business Day?
(Answer: Dana Frank) - What is the official date for this celebration?
(Answer: August 26th) - What is the hashtag used for this day?
(Answer: #BlackFamilyBusinessDay) - What percentage of family businesses make it to the third generation?
(Answer: Only about 12%)
FAQs
Q: Why is National Black Family Business Day important?
A: It highlights the contributions of Black family-owned businesses and promotes generational wealth-building within communities.
Q: How can I support this day?
A: You can shop at or promote Black family-owned businesses, share their stories online, or participate in local events celebrating them.
Related
- National Black Business Month (August)
- Small Business Saturday
- Generational Wealth Awareness Week