Shopify commits $130 million to help create one million new Black-owned businesses in the US
Shopify has partnered with Operation HOPE, a non-profit organization focused on financial literacy and education, on an initiative aimed to create one million new Black-owned businesses in the United States by 2030. Through this program, Black business owners have the opportunity to sign up for Operation HOPE’s financial literacy program. “We know that Black-owned businesses in the US only represent 9.5 percent of all US businesses, which is really, really low,” president of Shopify Harley Finkelstein in a Tuesday interview with CNBC. This research comes in addition to the historical systemic barriers to entry faced by Black entrepreneurs. RELATED: Canadian government announces $221 million Black Entrepreneurship ProgramShopify has made a number of commitments in recent months to support Black entrepreneurs in Canada.