Economic Impact of Black Business Ownership

Special Guest - Ron Busby - President & CEO of US Black Chamber of Commerce

Economic Impact of Black Business Ownership



Recent census data shows that there are 3.12 million Black-owned businesses in the U. S., generating $206 billion in annual revenue and supporting 3.56 million U.S. jobs. That’s millions of people filling the needs of our local communities and creating jobs for workers of all backgrounds. ( Despite growing prosperity and recent strides, it’s still harder to launch a business and stay afloat as a Black entrepreneur. Some 57% of Black business owners surveyed expressed concern about credit availability–and 40% of Black business owners do not think they will ever have equal access to capital. (

We bring to the NSBWEP platform, Mr. Ron Busby, President & CEO of US Black Chamber of Commerce. Ron’s mission and platform is to bring attention to the economic development of Black business owners, and financial resources for sustainability. Ron is here to help us understand the significance, the power, the challenges, and rewards of owning a business.

Learning Objectives:
  • Understanding the Numbers (Statistics)
  • The Power of the Black Dollar
  • Expanding access to Capital
  • Importance of Education & Resources
  • Fostering Community Support & Empowerment
  • Breaking down Systemic Barriers
  • The Outlook/Future of Black-Owned Businesses


About our Speaker:

As President/CEO of the U.S. Black Chambers, Inc. (USBC), Ron Busby, Sr. brings business management  skills as well as a lifetime of community development experience to the organization. Mr. Busby is a  former successful business owner himself, and he has been recognized as one of the nation’s best CEOs.  Ron grew his first company, USA Superclean, from $150,000 annualized revenue, to over $15 million in  only 10 years. Early on in his career, USA Superclean was recognized as the largest Black-owned janitorial firm in the country. Mr. Busby has also started and grown two other janitorial firms, both resulting in over $7 million in annualized revenue.

As a graduate with honors, from both Florida A&M University and Clark Atlanta University, Busby frequently extolls the importance of higher education. He continued to advance his own scholarly pursuits by attending the Amos Tuck School of Business Administration, a Dartmouth College graduate program for minority and women owned businesses.

Previously, Ron served on the Pfizer Small Business Council, National Newspapers Publishers Association Foundation Board of Directors, and White House African American Leadership Council. He has also formerly served on the U.S. Small Business Administration’s (SBA) Council on Underserved Communities.

Trained by some of the country’s leading corporate executives, Ron developed his skills at some of the nation’s largest corporations including Exxon, Xerox, IBM, and Coca-Cola USA. While in corporate America, he was recognized as National Salesperson of the Year.

Ron also has chamber experience as he was previously the President of the Greater Phoenix Black Chamber of Commerce for five years. A native of Oakland, CA; Ron has dedicated himself to the empowerment of the Black community. Ron is a member of Kappa Alpha Psi fraternity. Ron currently lives in the Washington, DC area and has two sons, the youngest of whom unexpectedly passed away in 2021.

Date: October 30, 2023
Duration: 1 Day