With Giving Tuesday underway, a New York-based nonprofit is calling for support of Black-owned small businesses and highlighting their impact on local economies.

According to a press release, the African American Small Business Foundation Inc. is using the Dec. 2 observance to raise funds that will help minority-owned businesses navigate rising costs, shifting market conditions, and limited access to capital. Currently, the organization serves as a resource center for African American entrepreneurs seeking funding, training, and business connections across New York.

The foundation reports that many Black-owned businesses continue to face challenges securing loans, grants, or investment funding. To address this, it connects entrepreneurs to micro-grants and loan programs, community financial institutions, credit-building tools, and capital-readiness training intended to support growth and hiring.

Training and technical assistance are another key part of the foundation’s work. Through workshops, mentorship, and partnerships with public- and private-sector experts, the organization guides business planning, marketing, digital skills, e-commerce, government contracting, and export readiness.

As the press release notes, the foundation also works to expand market access through business expos, vendor events, and outreach programs that introduce entrepreneurs to corporate partners and procurement teams. These efforts help businesses pursue clients, contracts, and long-term opportunities.

In its policy work, the foundation advocates for fair access to federal and state resources, inclusive procurement practices, and increased participation in Minority and Women-Owned Business Enterprise (MWBE) programs to ensure African American entrepreneurs are represented in economic policy discussions.

For Giving Tuesday, the foundation is launching a fundraising period beginning Dec. 2. Donations will support 2026 initiatives focused on expanding access to capital, strengthening technical assistance programs, and increasing outreach in economically underserved communities.

The foundation said that supporting Black-owned small businesses contributes to job opportunities, community investment, and long-term economic stability.

“Stronger businesses build stronger communities,” it noted in the press release.

To support the African American Small Business Foundation Inc., visit its official fundraising site.