The number of U.S. Black-owned businesses grew from 2017 to 2019 in all sectors of the U.S. economy, according to the U.S. Census Bureau’s Annual Business Survey (ABS). We reviewed business patterns among Black business owners, drawing on Census Bureau data since 2017. U.S. Census Bureau
Resource Category: Immigrants
Scaling Lending to Entrepreneurs of Color: Part I
As the Biden administration settles into office amid the ongoing COVID pandemic, there continues to be tremendous concern among policymakers, corporate leaders and philanthropists about the financial health of U.S. small businesses — especially the smallest ones. Meanwhile, we are still very much in the throes of a racial reckoning, with the pandemic further laying
UNFINISHED BUSINESS: How Food Regulations Starve Sidewalk Vendors of Opportunity and What Can Be Done to Finish the Legalization of Street Food
The City of LA began issuing its vending permits in 2020, yet it has only issued 165 permits to sidewalk food vendors, even though there are an estimated ten thousand eligible vendors. The report, “UNFINISHED BUSINESS: How Food Regulations Starve Sidewalk Vendors of Opportunity and What Can Be Done to Finish the Legalization of Street
The Impacts of COVID-19 on Racial Disparities in Small Business Earnings
New research from Advocacy indicates that the COVID-19 pandemic led to greater earnings losses for business owners of color than white business owners. SBA Office of Advocacy.
Small Business Facts: An Overview of Immigrant Business Ownership
Immigrant owners consist of roughly 18 percent of business owners with employees and almost 23 percent of business owners without employees. Immigrant-owned businesses are found in every sector of the U.S. economy. Immigrants made up 36.8% of employer businesses in accommodation and food services. Transportation and warehousing had the largest share of immigrant nonemployer business
California Feudalism & The Middle Class
California Feudalism: The Squeeze on The Middle Class Chapman University, Center for Demographics and Policy First published October 2018 California was built by people with aspirations, many of them lacking cultural polish or elite educations, but dedicated to hard work, innovation, family, and community. A large number came from other countries or poor backgrounds: sharecroppers
Building Immigrant Financial Security
The California Reinvestment Coalition (CRC) consulted nonprofit members, partners, and allies, including financial services providers, to develop recommendations for banks on how to better support immigrant clients in the current political climate.
Economic Impact of Immigration By State
In light of recent developments in U.S. immigration policy, WalletHub compared the economic impact of foreign-born populations on the 50 states and the District of Columbia. We determined which states benefit the most — and least — from immigration using 19 key indicators. Our dataset ranges from median household income of foreign-born population to jobs generated by immigrant-owned businesses as a share of total jobs.
Latino Business Ownership
An important contributor to economic inequality in the United States is the large and persistent racial and ethnic disparity found in business ownership and performance. Blocked opportunities for minorities to start and grow businesses create losses in economic efficiency, especially through their effects on limiting job creation, wealth accumulation, innovation, and local economic growth. This report provides several new findings on Latino business ownership and success using the latest available Census Bureau data. Latinos are separated by U.S.-born vs. immigrant status to provide insights into the constraints faced in starting and running successful businesses.
Equity Profile of Los Angeles
Equity Profiles project by PolicyLink recently produced a report for San Francisco, the Bay Area and Los Angeles County. Each profile presents demographic trends and assess how well regions are doing to ensure its diverse residents can participate in the region’s economic vitality, contribute to the readiness of the workforce, and connect to the region’s assets and opportunities.