If folks are open to it, name your company and whether they're doing any of the above
I work in manufacturing and I haven’t met many companies that are taking it off. I had hoped it would immediately be a paid holiday for most folks, but I think it’s going to take a few years to get to that point.
Here it would mean a paid day off but based on your comment that's not the case.
Private companies and state and local governments can make their own choices about whether to be open / closed / allow days off. I live in the south in about a 50% black area and most of our businesses are either closed or giving the people the option to take it off -- many did this even before Biden's declaration.
Also many companies give X paid holidays per year, then allow you to choose which ones you use them for to an extent. I usually work Christmas so I get two paid ones I use for a regional holiday plus an extra floating day off.
The idea is that they are a commercial company supporting 500+ stores around the country, and those days tend to be their busiest. So, corporate shouldn't be getting days off when the people on the ground running the stores don't get the day off.
At the software company I work at, there was some acknowledgement for it, but for the most part it's been completely overshadowed by Pride month.
If you need to convince management, the federal government recognized it as a holiday in 2021.
https://www.pewresearch.org/fact-tank/2022/06/17/nearly-half...
Does this mean it’s an optional day off ?
We also close the office a full week from Christmas to New Years.