USBC President Ron Busby shakes hands with Brian Hall, Chairman of the Black Young Presidents’ Organization
The U.S. Black Chambers has strategically partnered with the Black Young Presidents’ Organization, a subset of the Young Presidents’ Organization (YPO) known as one of the world’s most influential business leaders with YPO member-run companies employing 15 million people and generating 6 trillion in annual revenues.
The USBC and the Black Young Presidents’ Organization (BYPO) announces a new Memorandum of Understanding to build wealth in the Black community through business ownership.
The MOU, signed by USBC President Ron Busby, Sr. and Brian Hall, Chairman of BYPO, outlines the foundation for an ongoing alliance and collaboration between the two organizations, as well as determine proactive measures to best support the growth and sustainability of Black businesses.
Black businesses’ sustainability is dependent on access to capital; and requires mentoring newer businesses and identifying opportunities to subcontract or otherwise create joint ventures. As such, USBC and BYPO will serve as an essential resource for Black entrepreneurs, while working together to build and advocate for a legislative agenda that benefits the Black business community.
“Successful and sustainable Black businesses are directly related to establishing wealth in the Black community”, said Busby. “Our partnership with BYPO is an important step in providing continued leadership and advocacy in the fulfillment of economic empowerment.”
Speaking on the MOU, Hall added, “Entrepreneurs and small businesses will only become and remain successful if we work collectively with federal government agencies that can serve as vehicles to access capital; identify opportunities to mentor younger businesses; and build actionable succession plans. We are encouraged by this MOU, and look forward to building on our resources to build and advance the Black community.”
The USBC is an association of more than 100 self-sustaining viable Black Chambers and small business associations nationwide and serves close to 250,000 small businesses. More information can be found at www.usblackchambers.org.