Celebrating pride: LGBT businesses help grow US economy, group says

Posted: Updated:
BROOKLYN -

Reports shows LGBT-owned businesses are booming, not only in New York City, but across the country.

According to the National Gay & Lesbian Chamber of Commerce, LGBT-owned businesses put $1.7 trillion into the U.S. economy each year, with more than $1.4 million LGBT business owners.

Jonathan Lovitz, NGLCC’s senior vice president, says many LGBT entrepreneurs had to battle prejudice in the past while just trying to earn a living. He says that's changing in our country.

"We want to do everything we can to ensure they have every possible economic opportunity to get ahead," Lovitz says. "When they do, we grow jobs, we allow investments in our community, we open up more storefronts and expand neighbor opportunities."

Molly Lenore, founder and co-owner of Moey Inc., says she made a decision to be true to who she is when she started her own business.

"Basic premise of our company is everyone has a story to tell," Lenore says. "Many stories to tell, and so the LGBT is just one story and so being honest and open with people is really important."

Studies show three-quarters of LGBT customers have changed brands when a company has exhibited pro-LGBT support. 

  • Brooklyn SlideshowsGalleriesMore>>

  • Your Oct. 16 storm photos

    Your Oct. 16 storm photos

    Storm photos Oct. 17Storm photos Oct. 17
    Storm photos Oct. 17Storm photos Oct. 17
    Heavy right and high winds swept through the tri-state area due to a large coast storm on the night of Oct. 16. Here are your photos from the storm.
    Heavy right and high winds swept through the tri-state area due to a large coast storm on the night of Oct. 16. Here are your photos from the storm.
  • Yankees in the 2019 Playoffs

    Yankees in the 2019 Playoffs

    New York Yankees pitcher CC Sabathia throws against the Houston Astros during the 10th inning in Game 2 of baseball's American League Championship Series Sunday, Oct. 13, 2019, in Houston.New York Yankees pitcher CC Sabathia throws against the Houston Astros during the 10th inning in Game 2 of baseball's American League Championship Series Sunday, Oct. 13, 2019, in Houston.
    New York Yankees pitcher CC Sabathia throws against the Houston Astros during the 10th inning in Game 2 of baseball's American League Championship Series Sunday, Oct. 13, 2019, in Houston.New York Yankees pitcher CC Sabathia throws against the Houston Astros during the 10th inning in Game 2 of baseball's American League Championship Series Sunday, Oct. 13, 2019, in Houston.
    Photos on the field of the New York Yankees in the 2019 American League Division Series vs. the Minnesota Twins.
    Photos on the field of the New York Yankees in the 2019 American League Division Series vs. the Minnesota Twins.
  • Just Married in Brooklyn

    Just Married in Brooklyn

    News 12 Brooklyn wants to announce your wedding.News 12 Brooklyn wants to announce your wedding.

    News 12 Brooklyn wants to announce your wedding. If you were married in the past 90 days, please submit your photos via Twitter or Instagram using #JustMarriedBK.  

    News 12 Brooklyn wants to announce your wedding. If you were married in the past 90 days, please submit your photos via Twitter or Instagram using #JustMarriedBK.  

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."