In 2024, Black-owned businesses faced significant challenges, from rising costs and gentrification to limited access to funding. Amid these obstacles, communities around the world rallied to provide crucial support. Through flash mobs, crowdfunding, and organized shopping events, they helped Black-owned businesses weather financial hardships and highlighted the power of collective action. Here are four examples of communities stepping up to make a difference. The Sistah Shop – Atlanta Facing potential closure due to financial difficulties, The Sistah Shop, a retail space showcasing over 100 Black women-owned brands, received a lifeline from
Generative Artificial Intelligence (GenAI) is rapidly becoming a vital tool for U.S. microbusinesses, particularly among Black owners who are adopting these technologies at impressive rates. According to GoDaddy’s Venture Forward 2024 survey, approximately 50% of microbusiness operators have experimented with GenAI tools recently. This statistic is even more significant among young and Black microbusiness owners, who are 50% more likely to leverage GenAI compared to their white counterparts. A Tool for Leveling the Playing Field The Venture Forward survey highlights that 44% of micro businesses see GenAI as a game-changer, allowing
