New York, New York – December 15th, 2025 the African American Small Business Foundation, Inc. (AASBF) announces national media recognition highlighting its impact on economic empowerment for African American and minority-owned businesses. Coverage includes national platforms such as Black Enterprise, ESSENCE, and Black PR Wire, underscoring the Foundation’s growing influence and credibility.

This recognition reflects AASBF’s mission to close systemic gaps in access to capital, technical assistance, and business education. Through strategic partnerships, advocacy, and direct community engagement, the Foundation supports entrepreneurs in building sustainable, job-creating enterprises.

“Being featured nationally affirms that our work is both necessary and effective,” said Phil Andrews, Founding President of the African American Small Business Foundation, Inc. “We are committed to ensuring minority-owned businesses have equitable access to opportunity, resources, and long-term growth pathways.”

Over the past year, AASBF has expanded programming, strengthened corporate and nonprofit partnerships, and increased outreach to small businesses seeking to grow and scale. Donor support directly fuels these initiatives and helps advance inclusive economic growth.

The Importance of the Foundation: A Local Solution to a National Problem

The AASBF is more than a funding source; it is an economic accelerator. By providing tailored mentorship, technical assistance, and direct grants and loans, the Foundation tackles the core barriers to scaling Black-owned businesses. These businesses often serve as cultural hubs, major employers of local talent, and key drivers of neighborhood revitalization.

“While discussions about multi-billion-dollar funding disparities happen in boardrooms across the country, the reality for our local entrepreneurs is far more immediate,” said Phil Andrews, President of the African American Small Business Foundation. “Every dollar we raise translates directly into inventory, technology, new hires, and community stability. We are not waiting for the national tide to turn; we are building our own local economic engine.”

Why Support Matters: The Donor’s Strategic Investment

For individuals, corporations, and philanthropic partners, supporting the AASBF is a strategic investment that yields clear, measurable returns beyond simple charity. Donors are not just funding businesses; they are funding economic resilience and civic stability.

What Donor Support Means:

· Closing the Equity Gap: Donors become immediate partners in challenging the national narrative of funding disparity, providing capital where traditional institutions hesitate.

· Direct Job Creation: Every dollar raised by the AASBF translates into an average of several hundred new jobs created or retained in Downstate, New York.

· Anchor Investments: Funding helps convert small businesses into neighborhood anchors, fostering community stability and increasing the tax base.

· Legacy Building: Donors help secure the economic future of African American families, creating generational wealth pathways that mentorship alone cannot achieve.

Phil Andrews President of the African American Small Business Foundation Inc. speaks to Donors at Annual Holiday Fundraiser and Networking Event

To support the foundation’s work visit: https://www.zeffy.com/en-US/donation-form/annual-fundraising-campaign-to-empower-the-african-american-community

The Foundation invites donors, partners, and community leaders to support its mission and invest in the future of minority entrepreneurship.

About: African American Small Business Foundation, Inc. – The African American Small Business Foundation, Inc. is a nonprofit organization dedicated to strengthening minority-owned businesses through education, advocacy, partnerships, and access to resources.

Media Contact: African American Small Business Foundation, Inc. Email: africanamersmallbizfoundation@gmail.com