Happy Black-Owned Business Month!

“You may encounter many defeats, but you must not be defeated. In fact, it may be necessary to encounter the defeats, so you can know who you are, what you can rise from, how you can still come out of it.” 
— Maya Angelou

August has begun and Black Business Month 2025 is in full swing once again! This month is an annual celebration and commemoration of the black-owned businesses in our community, nation, and across the globe. wegg® is proud to raise awareness of this month of recognition and support Black women entrepreneurs all year long. “Black women own 3.5 million businesses in the US, with more than $60 billion in annual revenue. Their companies significantly contribute to job creation, innovation, and local economies across the country.” 

The Illinois Department of Commerce and Economic Opportunity is hosting a webinar entitled, “Leveraging Social Capital to Elevate Your Business” on August 28th, which will,

“provide Black entrepreneurs and business owners with tips on how to elevate their businesses. The session will explore strategic networking, relationship-building, and community engagement as drivers for business growth. Participants will gain insights into innovative funding avenues beyond traditional grants and loans—from partnerships and pitch competitions to crowdfunding and equity opportunities.”

We encourage all of our readers to check out the DCEO’s catalog of resources regarding supporting Black businesses throughout the state of Illinois, for what they are calling #ShopBlackSaturdays.

How are you honoring and supporting Black-owned business month 2025? Let us know, and Happy August!