Must Read: The Rise of Black-Owned Marketplaces, 'InStyle' Celebrates the Beauty of Black Women With Bright Hair Color

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Beauty spending will look different in 2021:

, Mary Louise Beauty, Shea Yeleen Cosmetics, Mother's Shea and Eu Genia brands and Anne's Apothecary. Paula Brown Performing Arts Center, Heritage Socks and The Nourish Spot Juice Bar will also receive funding, mentorship and support. The allocation of the grants fulfills ABH's $1 million commitment to fighting systemic issues that face the Black community.

, Radical Partners, ProjectArt, Tools and Tiaras, The African American Art & Culture Complex, Human Rights Campaign and UforChange. Each will receive up to $50,000 for a one-year funding cycle beginning on March 1.Experts are pointing to "a more nuanced shift in how consumers look for value" as a key to how spending habits are changing in the current economic climate.

 

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