Black-owned businesses have played a significant role in Black history, as they have provided economic opportunities, leadership, and community support for Black communities. Throughout history, Black entrepreneurs have faced numerous challenges due to systemic racism and discrimination, but they have persevered and built successful businesses that have contributed to the economic and social fabric of the Black community.

One notable example is the rise of Black Wall Street in the early 20th century. Greenwood, a thriving African American neighborhood in Tulsa, Oklahoma, was home to a prosperous business district known as Black Wall Street. The area was filled with Black-owned businesses, including banks, restaurants, boutiques, and more. However, in 1921, Greenwood was destroyed in a violent racist attack by a white mob, resulting in the loss of lives and livelihoods of many Black residents.

Despite such tragedies, Black entrepreneurs continued to build thriving businesses in various industries, ranging from beauty and fashion to technology and entertainment. Notable Black-owned businesses include Essence Communications, founded by Edward Lewis and Clarence O. Smith, which has become a leading media company targeting Black women; FUBU, the fashion brand created by Daymond John that gained international recognition; and Oprah Winfrey's media empire, which includes television, film, and publishing ventures.

Today, Black-owned businesses continue to make significant contributions to the economy and society, creating jobs, promoting innovation, and empowering Black communities. Supporting Black-owned businesses is an essential way to celebrate and honor Black history, resilience, and entrepreneurship.