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  1. 20 Φεβ 2023 · According to a new report, 79% of Black business owners say they’ve experienced racism from a customer—with 48% reporting a racist customer interaction at least once in the past year.

  2. Most small business owners reported experiencing financial hardship during the pandemic, but the highest rate was reported by Black business owners: 92%, followed by 89% of Asian...

  3. 9 Φεβ 2021 · Twenty percent of small businesses fail by the first year, 30 percent by the second and 50 percent by the fifth, and by the 10th year, a staggering 70 percent of businesses have shut off their...

  4. Yet the rate of minority-owned businesses has grown at a much slower pace, meaning there is a widening gap between population share and business representation.

  5. 20 Απρ 2021 · Numbers released by the U.S. Commerce Department’s Minority Business Development Agency show that minority-owned businesses are less likely than white-owned businesses to secure funding, especially...

  6. A more recent study focusing on selected cities with relatively large representations of minority businesses found that failure rates were slightly higher for small businesses in low- to moderate-income (LMI) and higher minority neighborhoods between 2012 and 2016 (figure 6).

  7. 22 Φεβ 2021 · However, if Black entrepreneurs are more likely to see their businesses fail, and business failure leads to downward wealth mobility, then it is eminently plausible that increasing the rates at which Black people start businesses might exacerbate the racial wealth gap.

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