National Black Business Month Founder Spreads Awareness This August

August is National Black Business Month and the founder told News Channel 8 this is a time to expand Black businesses, which wil
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Photos: Black PR Wire\Twitter

August is National Black Business Month and the founder told News Channel 8 this is a time to expand Black businesses, which will boost the economy.

In 2004, John William Templeton co-founded National Black Business Month as an effort to expand the support and existence of Black-owned businesses across the nation.

“We are very close to achieving the promise land that Doctor King prophesized in his last speech,” Templeton said. “It’s really about information and implementation.”

Templeton believes the promise land is Black businesses accounting for 10% of the nations Gross Domestic Product. Right now, Black businesses account for 4%. “We are moving in the right direction” he said. “Two years ago we were at 2% and now we are at four. African Americans make up 14% of the population, if we could reach 10% of GDP the economic impact would be substantial.” Read more.