August Is Black Business Month
According to information compiled by Wright Communications Worldwide Inc. African-American-owned businesses have outpaced the rest of the country’s businesses in terms of growth. Between 2002 and 2007, their gross receipts increased by 55 percent. Other businesses grew by just 21 percent during that time. Future expectations are that these fields will continue to grow in the coming years especially with the addition of Social Media.
The types of African-American owned businesses have crossed every sector, with the majority of firms in the healthcare and social service field. The other two top sectors are repair and maintenance, personal laundry services, administrative and support, waste management and remediation services.
Wright Communications Worldwide Inc. a Marketing and PR Firm helps brands and corporations deliver outstanding campaigns and results. A key objective is to communicate information to multicultural consumers using Intergrated Marketing Communications.