Aprio has announced that it has launched a 10-year partnership with Operation HOPE’s One Million Black Businesses (1MBB) initiative.
The initiative will aim at providing business and financial advisory as well as educational services to aspiring Black entrepreneurs.
The firm’s team members from across the US will have the opportunity to volunteer and help lead educational sessions, one-on-one coaching and mentoring, serving as advisors to the 1MBB program participants.
Covid-19 has stifled small business development and particularly impacted the number of Black business owners, which fell 40% in 2020. Today, there are only 2.6 million Black-owned businesses in the US of which 96% have no employees.
John Hope Bryant, founder, chairman and CEO, Operation HOPE recognized the opportunity to partner with industry experts to connect current and future business owners to the training and technical assistance they need to succeed.
He said: “Aprio leaned in and became the first accounting and advisory firm in the nation to commit to the 1MBB platform and movement.
“Together, we will provide the support Black businesses need to succeed, building diverse business communities and helping diminish the racial wealth gap in the U.S.”
Richard Kopelman, CEO and managing partner at Aprio, added: “Aprio is thrilled to partner with Operation HOPE on the 1MBB project to provide expertise that is critical to running a thriving business.
“For the last 70 years, Aprio has been partnering with entrepreneurs to drive profitability and growth. This partnership reinforces Aprio’s commitment to diversity, equity and inclusion and provides our team members with opportunities to create meaningful and lasting change.”