Miami-Dade Celebrates August as Black Business Month
From the mesmerizing beaches to the iconic skyline, Miami-Dade County offers diversity and quality that no other County can match. It is home to a unique community of diverse people and enterprises. Because of this, County Commissioner Kionne McGhee (District 9) sponsored an ordinance declaring August Black Business Month in Miami-Dade County.
This bold declaration ignited Support BOB 305, a month-long initiative to promote and propel the Black-owned Businesses that generate more than $2.3 billion for our local economy and employ more than 12,000 people.
U.S. Census Bureau information touts Miamiβs Black business community as the fifth largest in the nation. Black Business Month presents another opportunity to celebrate the Black-owned businesses that have servedΒ our community for more than 186Β years.
Each year, Black-owned firmsΒ pay more than $320 million in payrollΒ fees to people in our community.Β That revenue contributes to the taxΒ base that funds our government andΒ other community resources. TheseΒ attributes help make Miami-Dade County a great place to raise your family, start your career, and support Black-owned businesses.
By the numbers:
β Miamiβs Black consumer market isΒ valued at $5.5 billion dollars, making it the 14th largest in the nation
– BOBs comprise 51,285 of the 468,185 business throughout Miami-Dade County (10.95%)
– BOBs generate over $2.3 billion inΒ annual sales, receipts, and total valueΒ of shipments.
– BOBs employ a total of 12,227Β individuals.
– BOBs manage a combined annualΒ payroll of over $320 million.
– Ranked 5th in the nation for largest number of Black-owned employerΒ businesses
Source: U.S. Census Bureau and U.S. Bureau of Labor StatisticsΒ miami
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