"Other races" don't get special labels on their businesses.

Putting tags like "Women Owned" de-legitimizes the owner. It makes women owned business seem stigmatized, as if it's unusual or especially notable. It strips them of their dignity.

Can you clarify what "elevating" looks like from your perspective?

And considering how many immigrants there starting out with literally nothing (one example) how we should pick one race to help but not all terribly disadvantaged people?

The only way they can be on the same level is if they are not labeled based on the race of the owner. Emphasizing black ownership or any other attribute can only either add advantage over other groups or be a disadvantage. There is no good outcome possible other than it doesn’t affect anything, at which point what’s the point?