This is the day to honor the minority entrepreneurs who start small businesses. Declared by HolidaySmart's Holiday Committee and set on January 29th in honor of Oprah Winfrey, who is an inspiration to minorities across the globe.
There is no doubt that minority small businesses have a greater struggle in gaining funding. According to this Forbes article, there are various reasons, stemming from less visibility to investors and investors not having as much faith in their success. However, minority owned businesses are on the rise and their success rate is increasing as well.
Today is the day to support your locally owned minority businesses and appreciate their unique challenges in the marketplace.