NJ SJR113

Designates August of each year as "Black Business Month" in New Jersey to promote the success of Black-owned businesses in the state

Requests the Governor to annually issue a proclamation recognizing August as "Black Business Month" and calls upon educational and cultural institutions to observe the month with appropriate activities and programs

Notes that Black-owned businesses account for roughly 10 percent of all U.S. businesses, with more than half of Black business owners being female—the highest percentage of any demographic

Cites that 41 percent of Black-owned businesses closed during the COVID-19 pandemic compared to 17 percent of white-owned businesses, highlighting disproportionate economic impacts

Acknowledges "Black Business Month" was established nationally in August 2004 by historian John William Templeton and engineer Frederick E. Jordan Sr.