Fearless Foundry's Favorite Black-Owned Businesses

Did you know that only about 9.75 percent of US businesses are Black-owned? This means only 3.24 million of the 33.2 million companies in America are Black-owned. Despite their estimated $141.1 billion in annual receipts and $42.2 billion in annual payroll, Black-owned businesses still face challenges and obstacles, such as limited access to capital, lower levels of business ownership, and a smaller customer base. 

At Fearless Foundry, we believe increasing the amount of support for Black-owned businesses is a way to improve economic equality and address the systemic inequalities that have historically hindered the growth and success of Black-owned companies. 

Here are 13 of our favorite Black-owned businesses: 

#1: Black Soil KY 

Kentucky’s only statewide agritourism company reconnects Black Kentuckians to their heritage and legacy in agriculture, one seed at a time. By bringing together urban families with rural and urban-based Black farmers/growers/producers across the state, they help introduce opportunities in agriculture that promote self-sufficiency, encourage healthy living, and activate cooperative economics.  

#2: Blue Daisi 

Moji Igun founded Blue Daisi Consulting to make it easier for small businesses to practice the world they want to see on a small scale. She combines her professional experiences in engineering, education, and business operations with the deep knowledge she’s gained from her personal sustainability journey to help her clients push past the frustration and overwhelm of getting started.

#3: Finances Demystified

We live in a world where women, particularly Black women, are not seen enough in financial spaces. Dominique Broadway, founder of Finances Demystified, is disrupting that narrative entirely through her community, educational content, and conferences geared toward building investment knowledge and generational wealth within the Black community.

#4: Gym Hooky

Founded by Ariel Belgrave, Gym Hooky helps women and companies better prioritize their well-being. In the past 6 years, she’s helped 2,000+ working women create healthier eating habits, lose weight, and feel energized. Her secret? Saying no to fad diets, calorie crunching, and endless hours in the gym—Ariel focuses on sustainable wellness routines. 

#5: Josephine and Billies 

Josephine and Billie’s is the first EVER cannabis dispensary to be owned by a Black woman in all of America. Their cannabis speakeasy, the first of its kind in the U.S., is a callback to the Jazz age, to the pearls of Josephine Baker and the poetry of Billie Holiday. It’s a trip back to the “Teapads” in Black communities of the 20s and 30s where folx would commune to enjoy jazz and cannabis while feeling connected, relaxed, valued and safe.

#6: Pretty Well Beauty 

When Jazmin Alvarez stepped into Sephora and saw how few products were truly clean, let alone made by people of color, she decided to do something about it and built a brand of her own. In addition to her thriving Instagram and e-commerce presence, she launched her first store in NYC this past month. 

#7: Satsuma Swimwear

Founded in 2020 by Whitney Sylvain, Satsuma Swimwear was built on the principles that women can be two things at once: sexy and sweet. With their fresh silhouettes, alluring colors, and seamless finishing, these suits are meant to flatter the body, exuding an aura of effortlessness without losing that element of sensuality. Satsuma Swimwear aims to be the number one destination for quality, fashion forward swimwear that will live in wardrobes forever. 

#8: Take Charge Credit Consulting

Credit is a scary thing, but it doesn’t have to be! In fact, financial education can be empowering, especially for marginalized communities, which is exactly why Tierra Bonds built Take Charge Credit Consulting to better educate young women of color about how to manage their money and improve their credit to build lasting wealth. 

#9: 228 Accelerator

228 Accelerator offers trainings, community, and more for educators, K-12 explorers, edge finders, and school leaders who wish to become agents of equity. Racism and inequality are products of design, and can be redesigned with intention. 228 Accelerator leverages the impact of equity work to create equitable communities and learning environments. 

#10: 1st Step Accounting 

1st Step Accounting was founded in 2010 by Nayo Carter-Gray with a mission to make accounting a little less taxing. Whether you’re a business owner looking for a support system or a solopreneur seeking financial wisdom and growth, 1st Step Accounting is ready to meet your tax, bookkeeping, and accounting needs.  

#11: Topicals

Topicals is transforming the way people feel about their skin through effective science-backed products and mental health advocacy. They only use ingredients and herbals that have been scientifically proven via third-party, peer-reviewed clinical studies. Plus, their products are always free from dyes and animal testing.  

#12: TONL

Founded by a Nigerian-American social entrepreneur and Ghanaian-American photographer and creative entrepreneur, TONL seeks to transform the idea of stock photography by displaying images of diverse people and their stories around the world. Browse categories ranging from “Taste” and “Travel” to “Trust” and “Technology.”   

#13: #HappyPeriod

#HappyPeriod is the catalyst for the advancement of menstrual care for Black people with periods. They produce programs with love centered on menstrual care, and are committed to reshaping the discussion surrounding menstruation and empowering people to advocate for their own body and well-being by learning and understanding their menstrual cycle.