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- Smaller in size and under capitalized,

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Black-owned businesses fail

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at a higher rate than
white-owned businesses.

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But research shows that
Black-owned businesses

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can have a far reaching impact on society

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and the economy when they
have the necessary support.

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Hi, I'm Christina Royster,
Senior Social Media Producer

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here at Fast Company.

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While you and I may not be
sitting on any venture capital,

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we can still be intentional
about where we spend our money.

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Here are three Black-owned businesses

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that you can support right now.

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(upbeat music)

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Number one, Grant Blvd.

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Founded by Kimberly McGlonn,

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Philadelphia-based fashion label,

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Grant Blvd creates sexy, edgy outfits

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from old clothes and unwanted fabric.

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The company also works
with the city and state

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to hire formerly incarcerated people.

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And I will be remiss if I did not mention

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that Grant Blvd is
backed by Beyonce, y'all.

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Number two, Pattern Beauty.

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Actress Tracee Ellis Ross
launched Pattern Beauty

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to expand how we talk about, care for,

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and celebrate textured hair.

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From washing to styling,
Pattern Beauty offers affordable

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and effective products that
reimagine natural hair care.

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Plus the company donates to
a variety of organizations

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that empower women and people of color.

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Number three, Goodee.

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Goodee is an ethical design shop

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founded by Montreal based twin brothers,

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Byron and Dexter Peart.

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The company sells beautiful,
multicultural objects

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like baskets and pillows to
celebrate the work of designers

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who are often overlooked in
the traditional design world.

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In the words of Dexter Peart himself,

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"Good design is not an
exclusively Western concept."

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There you have it, folks.

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These are three Black-owned businesses

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that you can support starting today.

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To learn more about these
brands, visit fastcompany.com.

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(light upbeat music)