(MANHATTAN, NY – August 2, 2025) – In a city as vibrant and diverse as New York, the potential for Black entrepreneurship is as expansive as the skyline. Yet, a stark disparity tells a deeper story: while Black residents make up 22% of New York City’s population, only 3.5% of its businesses are Black-owned. This glaring gap is not due to a lack of ambition, innovation, or talent—but a legacy of structural barriers that have long denied Black entrepreneurs equitable access to capital, mentorship, and opportunity.
To confront this head-on, the New York City Department of Small Business Services launched Black Entrepreneurs NYC (BE NYC) in September 2019—an unprecedented initiative to close the racial wealth gap and drive generational economic mobility for Black New Yorkers.
A Vision Rooted in Equity
BE NYC isn’t just a program—it’s a movement. Born from deep collaboration with community leaders, business owners, and policy advocates, the initiative marks the first time a major American city has committed to building an ecosystem explicitly tailored to support Black entrepreneurship.
The mission is bold yet necessary: to create equity of opportunity by tackling Black entrepreneurs’ systemic challenges and empowering them to build thriving businesses across the five boroughs.
From Harlem to Brooklyn, Queens to the Bronx, Black entrepreneurs are laying the foundation for tomorrow’s economic renaissance. BE NYC stands firmly behind them—not with platitudes, but with targeted resources, culturally competent programming, and strategic partnerships.
Programs with Purpose
BE NYC has developed a wide array of services, each aimed at moving the needle toward business equity. Among them:
-
BE NYC Startup Intensive: A free, comprehensive program that equips early-stage Black entrepreneurs with the tools and mentorship to launch strong, sustainable businesses.
-
BE NYC x VOLS Legal Services Partnership: This initiative, in collaboration with the Volunteers of Legal Service, provides crucial legal assistance, covering everything from incorporation and contract drafting to intellectual property.
-
Black Business Solidarity Initiative: A storytelling campaign that celebrates the voices of Black entrepreneurs and emphasizes the power of unity, resilience, and shared experience.
-
Publications like the “Advancing Black Entrepreneurship in NYC” report offer data-driven insight into the state of Black business in the city and actionable policy recommendations.
And most importantly, BE NYC connects residents to Black-owned businesses and creates digital infrastructure to help consumers discover and support them.
Building Community Through Education and Events
Beyond services, BE NYC curates a growing slate of events and workshops. One recent highlight:
“Lessons from 30 Years of Black Entrepreneurship”, an online masterclass scheduled for August 26, 2025. Featuring Bentley Ritter, founder of BeneFit Personal Training, this one-hour webinar dives into the triumphs and trials of surviving—and thriving—as a Black business owner for nearly three decades.
In a format that mixes heartfelt storytelling with actionable advice, Bentley pulls back the curtain on what it really takes to build a legacy in a competitive and often inequitable marketplace.
It’s this kind of intimate, real-world learning that sets BE NYC apart. The initiative doesn’t just teach business principles—it builds confidence, nurtures networks, and affirms that Black entrepreneurship is essential to the city’s present and future.
The Road Ahead
As more cities look to replicate BE NYC’s model, it serves as both a blueprint and a beacon. It reminds us that real progress requires intention, investment, and intersectional leadership. It’s not enough to celebrate Black-owned businesses during special months or after national reckonings. Sustained support and systems change must be the norm.
For Black New Yorkers who’ve long dreamed of launching their own businesses, BE NYC is a declaration: Your vision matters. Your enterprise is valuable. And your success is non-negotiable.
To learn more or sign up for upcoming events, visit:
👉 https://nyc-business.nyc.gov/nycbusiness/business-services/initiatives/black-entrepreneurs-nyc-be-nyc
Follow BE NYC on LinkedIn: Black Entrepreneurs NYC
Also on Facebook: https://www.facebook.com/NYCBusiness/
#BlackBusinessMatters #BENYC #BlackEntrepreneurs #EconomicJustice #NYCInnovation #BlackWallStreetToday #BlackUSANews