Categories:  'Racial Inequality'  

Black-Owned Businesses Are Less Likely to Receive Funding and Therefore Don’t Ask

"Black business owners are far less likely than other entrepreneurs to seek capital when they need it, new government data show and, when they do [...]

“Black business owners are far less likely than other entrepreneurs to seek capital when they need it, new government data show and, when they do ask, are less likely to get the full amount requested.”

Black entrepreneurs face three main obstacles: The Wealth Gap, Credit Gap, and Trust Gap. These three gaps create an environment that prevent Black institutions from growing and reaching maturity.

 

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Articles

Publication Date: 05/04/2016
Source: Generation Progress
Author: Jared Brown
Publication Date: 04/05/2017
Source: Huffington Post
Author: Connie Evans
Publication Date: 09/11/2016
Source: The Wall Street Journal
Author: Ruth Simon and Paul Overberg