Black-owned business

Rita Magalde moved Sheer Ambrosia from her home kitchen to a commercial space in Salt Lake City.

Arielle Clark, owner of Sis Got Tea, started her business doing online sales. Now, she has a storefront in Louisville, Kentucky.

Rita Magalde of Sheer Ambrosia is preparing to bake baklava in a Salt Lake City space.

"As a Black business owner, often I'm asked to share a little bit about my story, or my journey, or my background. And so I get to facilitate conversations around these things while making candles," said Colina Bruce of Noir Lux Candle Co.

Rita Magalde, owner of Sheer Ambrosia in Draper, Utah, is starting her busy season and planning to bring on her first full-time employees.

Tim Lampkin, CEO of Higher Purpose Co., says his organization serves as an adviser and "capital matchmaker" for business owners.

In August, Rita Magalde of Utah is starting a nine-month master's program to help grow her baklava business.

The pandemic spurred a small-business boom, and that included many Black entrepreneurs looking for new ways to reach consumers.

Storefront prices were too high, so Latanya DeVaughn of Bronx Bound Books used savings, a grant and a bus to realize her dream.

The Treasury Department provided $9 billion to lenders in underserved communities, allowing them to expand and support entrepreneurs.