
The Black-White Gap in Business Ownership
In a country that touts free-market enterprise, it is ironic that black-white inequality in business ownership and business capacity is more extensive than all other […]
In a country that touts free-market enterprise, it is ironic that black-white inequality in business ownership and business capacity is more extensive than all other […]
Imagine walking in and airport as fast as you can to get to your departure gate. As you walk you happen to be shoulder to […]
Historically, Black-owned businesses have been more dependent upon local, state and federal procurement than have businesses of other groups. However, government contractors have experienced a […]
Over the last quarter century, the number of Black-owned businesses has grown at a record pace – nearly four times the rate of white-owned businesses. […]
Over the last quarter century, the number of Black-owned businesses has grown at a record pace – nearly four times the rate of white-owned businesses. […]
Most key economic indicators are positive. Although the Labor Department’s January Jobs Report did not show stellar job growth during the month of December, the […]
The economy is performing well, but the rewards of growth are not evenly spread. As a result, attention is shifting from concern over whether enough […]
Black unemployment is 14.1% and Latino unemployment is 10.7%. One way the government can help reduce unemployment among blacks and Latinos is by promoting business development among the groups.
To build greater capacity firms must reach reach Stage III growth. Only 14% of the non-minority-owned firms have done so, 12% of Asians, 11% of Latinos and just 6% of black businesses.
Two major challenges that are facing minority businesses are building greater capacity and improving management efficiency. Corporate mentor protege programs can assist in this regard.
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