Rochester, Minnesota – The
, in collaboration with the Minority-Owned Business Network, proudly presents the
—a public exhibition showcasing the exceptional products and services of Black-owned businesses in Rochester, Minnesota. This event is more than just a marketplace; it’s a powerful statement of resilience, innovation, and economic empowerment.
In a time when diversity, equity, and inclusion efforts face increasing challenges, supporting local Black and minority-owned businesses has never been more critical. These businesses play a vital role in fostering economic growth, creating jobs, and strengthening our community. By attending the Black Excellence Expo, community members can take direct action to help close local racial wealth gaps, build a more inclusive economy, and celebrate Black entrepreneurship.
The economic case for supporting Black businesses is compelling. According to Citibank’s Global Perspectives and Solutions (GPS) report, the racial wealth gap in the United States cost the economy a staggering $2.9 trillion between 2020 and 2024.
While some progress has been made, with the number of Black-owned businesses growing by 14.3% in 2021—partly due to the social movement for racial justice and initiatives like Buy Black—it remains evident that systemic barriers persist. At the current pace, the report noted that it could take another 80 years for Black men and women to own businesses at a rate proportional to their share of the U.S. population.
If the number of Black-owned businesses mirrored that of the white population, we could see an additional 600,000 firms and over 5 million new jobs, generating up to $2.9 trillion in revenue and $840 billion in annual payrolls.
Black entrepreneurs face significant barriers, including limited access to capital, unfair lending practices, and fewer networking opportunities. By supporting Black-owned businesses, we contribute to a more equitable economic landscape while driving innovation and community growth.
Now in its third year, the Black Excellence Expo continues to expand, and we need the public’s support to ensure its success. Join us and learn about these amazing businesses. You can make a difference—one business, one purchase, and one opportunity at a time.
For info, contact Walé Elegbede President of the Rochester Branch of the NAACP.
608-498-9582;
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