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The award was the first time the Texas Association of African American Chambers of Commerce named a ‘Chamber of the Year’ in its more than 100 year history.
Eight out of 10 Black-owned businesses fail within their first 18 months of opening, according to a report by NBC News. That same report indicated that the pandemic has exacerbated that concern. Approximately 41% of Black businesses closed during the early stages of the pandemic, compared to approximately 17% of white businesses. "When there is a recession for the majority community a lot of times it is a depression for the minority community,” said Devoyd Jennings, President and CEO of the Fort Worth Metropolitan Black Chamber of Commerce (FWMBCC). The Chamber represents around 500 member ...