Black-owned small businesses have lost $217 million in federal contracts since DEI rollbacks began. The data comes from a new analysis of federal government data by Orisunn. Black businesses are now seeking new revenue streams due to funding cuts, while facing uncertainty and growth challenges from DEI bans.

The $217 million lost does not include aid from SBA loans, corporate programs, or the private sector. The Trump administration’s anti-DEI stance has impacted federal contracting, causing setbacks for disadvantaged Black firms. Orisunn’s CEO Bek Sunuu emphasizes the importance of the 8(a) program for Black businesses.

Sunuu’s firm assists Black-owned businesses with capital, mentorship, and growth opportunities in a post-DEI world. To counter DEI setbacks, Sunuu suggests targeting mid-sized businesses, joining chambers of commerce, reframing proposal language, and focusing on procurement and community investment.

Black businesses are advised to engage in direct-to-consumer channels, partner with other minority-owned firms, and continue pursuing corporate partnerships. Sunuu encourages businesses to adapt and evolve their strategies to navigate the changing landscape of federal contracting and supplier diversity.

Read more at Yahoo Finance: 6 Tactics Black Businesses Can Apply To Spur Revenue Growth In A Post-DEI World