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The Business of Black Beauty: Consumer Needs, Investments and Resilience

October 21, 2020 @ 1:00 PM 2:30 PM

U.S. Black consumers spend $1.2 trillion annually, with shoppers spending an estimated $127 million on grooming aids and $465 million on skin care. However, according to the Census Bureau only $2.5 million is contributed to Black-owned businesses and a Stanford University study found that only 1% receive loans in their first year. That’s seven times lower than the percentage for white businesses. During the beginning of the COVID-19 pandemic, 41% of the Black businesses closed as compared to 17% of White-owned businesses.

Join our panel of top entrepreneurs and investors as we address and highlight:
Disparities and challenges of Black-owned businesses and ways to successfully build and market beauty products to consumers
Startups making breakthroughs in the Black beauty and skincare industry
Accessibility to financial capital and funding opportunities

Details

Date:
October 21, 2020
Time:
1:00 PM – 2:30 PM
Cost:
Free
Event Category:
Event Tags:
Website:
thebusinessofblackbeauty.splashthat.com/Partner

Organizer

JLABS @ Washington DC
Phone:
202-589-1039
Email:
mtuggle1@its.jnj.com
Website:
View Organizer Website