Marking National Black Business Month, the Virginia Black Chamber of Commerce (VABCC) announced its official launch on August 20, 2023, aiming to foster the growth and sustainability of black-owned businesses across Virginia. The VABCC, in a strategic partnership with the Virginia Black Business Directory (VABBD), will offer resources to connect small businesses with major corporations and expose them to new markets. Approximately 1000 out of the 1200 VABBD members will automatically become part of the VABCC from January 1, 2024, broadening the chamber’s reach and bolstering unity in Virginia’s black business community. Alongside funding from partnerships, grants, and corporate sponsors, the VABCC plans to develop educational programming, mentorship opportunities, and networking events to cultivate a thriving environment for black-owned businesses.
Launch of Virginia Black Chamber of Commerce
VIRGINIA, August 20, 2023 — Coinciding with National Black Business Month, the Virginia Black Chamber of Commerce (VABCC) is thrilled to announce its official launch. The VABCC, dedicated to fostering the growth and sustainability of black-owned businesses across the Commonwealth of Virginia, aims to be a powerful advocate for economic empowerment.
Strategic Partnership with Virginia Black Business Directory
In a strategic partnership with the Virginia Black Business Directory (VABBD), the VABCC will provide resources to connect small businesses with major corporations, expose these businesses to new markets, and promote leadership development and entrepreneurial excellence.
Membership Transfer and Strengthening of Unity
Currently, the VABBD boasts over 1200 members. Approximately 1000 of these memberships will automatically transfer to the Chamber of Commerce effective January 1, 2024. This partnership strengthens the VABCC’s reach and solidifies the unity and collaborative spirit within Virginia’s black business community.
Initiatives for Black-Owned Businesses
Funding from partnerships, grants, and corporate sponsors will develop educational programming, create mentorship opportunities, and host networking events. These initiatives aim to provide an environment where black-owned businesses can thrive and contribute significantly to the local economy.
Statement from President & CEO
“The launch of the VABCC during National Black Business Month is a testament to our commitment to black-owned businesses in Virginia,” said Ernisha Hall, President & CEO of the VABCC. “We believe that investing in these businesses strengthens the spirit of economic equity in Virginia, making it the best place to live, start a business, and raise a family.”
About the Virginia Black Chamber of Commerce
The Virginia Black Chamber of Commerce is dedicated to promoting the sustainability of black-owned businesses throughout the Commonwealth of Virginia. In partnership with the Virginia Black Business Directory, the VABCC provides resources to connect small businesses with major corporations, exposes small businesses to other markets, provides leadership development, and promotes entrepreneurial excellence.
The creation of the VABCC by the VABBD is pivotal for several reasons. It increases advocacy, visibility, and exposure, provides resources and opportunities, advocates for economic and social equities, bridges the gap between black-owned businesses, celebrates black entrepreneurship, and works towards closing the wealth gap.
In summary, the creation of the VABCC by the VABBD is a strategic move that will empower black-owned businesses, promote economic equity, and strengthen the overall business landscape in the Commonwealth of Virginia.
Question & Answer
What is the purpose of the Virginia Black Chamber of Commerce (VABCC)?
The VABCC aims to foster the growth and sustainability of black-owned businesses across Virginia, advocating for economic empowerment.
How does the VABCC plan to support black-owned businesses?
The VABCC, in partnership with the Virginia Black Business Directory, will offer resources to connect small businesses with major corporations, provide educational programming, mentorship opportunities, and networking events.
How will membership work between the VABBD and VABCC?
Approximately 1000 out of the 1200 VABBD members will automatically become part of the VABCC from January 1, 2024, broadening the chamber’s reach and strengthening unity in Virginia’s black business community.
