Copy of Business Artsy

WHY BUSINESS

In 2020, we witnessed an explosion of new businesses birthed out of the pandemic. This surge of
resilience, creativity, and entrepreneurial spirit inspired the creation of B.O.M.B. (Black-Owned
Minority Businesses). The Federation of Small Businesses (FSB) also noticed significant growth in
B.O.M.B.s and produced a report titled "Unlocking Opportunity" by Diana Crouch. The report, available here: https://www.fsb.org.uk/resource-report/unlock.html

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B.O.M.B’S contribute to 25 billion to the economy every year.
B.O.M.B.’s are more likely to export.

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B.O.M.B’s are more likely to be self employed and have either one or no employees.

Lack of access to finance and networks.

Initially, the B.O.M.B. began by interviewing business owners online, but it quickly grew into a new feature on Radio Cardiff, a community broadcasting platform. The B.O.M.B is a weekly show is dedicated to amplifying and promoting Black-owned minority businesses in Wales. This platform is an excellent way to showcase their contributions to the Welsh economy, shine a spotlight on them for local banks and business support organizations to offer support, and inspire entrepreneurs to start something new.

Tune into the B.O.M.B every Friday from 9-11am

Supporting Black- Owned Businesses

Click Here for the Radio Channel

The impact of B.O.M.B’s
The influence of black-owned businesses in Wales extends beyond their economic contributions. These enterprises play a vital role in promoting cultural diversity, creating job opportunities, and fostering community engagement. They also serve as powerful examples of resilience and innovation, inspiring future generations of entrepreneurs.