Over 1.4 million LGBTQ+-owned businesses are contributing up to $1.7 trillion to the US economy each year, according to data fromPublic Private Strategies Founder and Principal Rhett Buttle emphasizes LGBTQ+ business as a critical portion of the United States'"economic fabric," saying this demographic of entrepreneurs are usually younger and focused on supporting other small businesses within their communities.
Well, happy Pride Month, as you know, this is a month where we celebrate contributions of LGBT Q Americans all across the country. Uh But also uh a lot of, you know, very important specific industries, uh travel and tourism tends to be a huge part of where the LGBT community spends their dollars. Um And they really provide the sort of community and support uh that small business owners we need in order to grow their businesses.
We're seeing more and more states and local governments work with the LGBT community to help with LGBT Q businesses in their supply chains. A lot of that is because, you know, women are in many ways looking for more flexible work arrangements.Many of them are wanting to participate in the American dream.
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