The report, entitled “Stuck From The Start: The Financial Challenges of Low- and Moderate-Income African-American Entrepreneurs in the South,” reflects interviews with 30 African-American business owners in eastern North Carolina, southwestern Georgia and the Jackson and Delta regions of Mississippi. The project was launched to better understand why Black-owned businesses struggle to succeed relative to their White peers.
Resource Category: Minorities
Black Business Ownership
AEO recently released “The Tapestry of Black Business Ownership in America: Untapped Opportunities for Success.” The report assesses the economic strength and potential of Black-owned businesses, identifies myths, challenges and opportunities across a mosaic of segments, and suggests a plan for how investors and policymakers can increase the effectiveness of programs designed to support Black entrepreneurship.
State of Latino Entrepreneurship
With this report, the Stanford Latino Entrepreneurship Initiative (SLEI) highlights key research findings from its third annual Survey of U.S. Latino Business Owners. In this survey, we examine issues specifically related to Latino entrepreneurs and Latino-owned businesses in the United States. This report expands upon existing studies, including the 2015 and 2016 State of Latino Entrepreneurship reports. We continue to investigate financing and the importance of growth for Latino businesses and conduct further analysis on the role of national banks.
Business Ownership And The Racial Wealth Gap
African Americans & Latinos/as face high barriers to starting and growing businesses, including lower levels of financial assets. What steps can we take to address this?
Closing the Ever-Growing Gap
CFED released “Administrative Actions to Close the Ever-Growing Gap.” This document describes seven administrative policy proposals President Trump could take that would help solve the problems of financial insecurity, wealth inequality and the growing racial wealth divide.
Conditions of Black Women Business Ownership
The number of women-owned businesses is rapidly growing. Amidst these increases, Black women have become one of the fastest growing segments of entrepreneurs in the country. This work explores the many challenges and opportunities faced by Black women entrepreneurs.
Prison to Proprietor
Asset Funders Network recently published “Prison to Proprietor: Entrepreneurship as a Re-Entry Strategy.” The report features several programs that use business ownership to build skills, connections, and attitudes that strengthen the ability of formerly-incarcerated individuals to succeed as they re-enter their communities. Such programs improve chances of employment, reduce recidivism and benefit both the individual and the community. The expansion of business ownership and entrepreneurship opportunities may particularly benefit people and communities of color who are disproportionately affected by incarceration.
State of Latino Entrepreneurship
With this report, the Stanford Latino Entrepreneurship Initiative (SLEI) shares research from its 2016 Survey of U.S. Latino Business Owners. By examining issues specifically related to Latino entrepreneurs and the state of Latino-owned businesses, this report expands upon existing studies, including the 2015 State of the Latino Entrepreneurship report. Our data comes from a new, unique survey on U.S.-based Latino entrepreneurs meant to supplement and extend data available through the Kauffman Foundation and U.S. Census Bureau. The report and data provide academic researchers, policymakers, and business leaders with insights into U.S. Latino-owned businesses and the barriers they face to economic success.
Best Cities for Minorities
Best Cities for Minorities: Gauging the Economics of Opportunity By Joel Kotkin and Wendell Cox for the Center for Opportunity Urbanism First published May 2015 This study provides an initial analysis of African-American, Latino and Asian economic and social conditions in 52 metropolitan regions currently and over the period that extends from 2000 to 2013.
Earnings of Female Hispanic Entrepreneurs
Using microdata from the 2001-2009 American Community Surveys, the 2000 U.S. decennial census, and the 2001-2011 Current Population Surveys, this paper analyzes the earnings and employment patterns of Hispanic entrepreneurs in the first decade of the 2000s. In light of this population’s heterogeneity, our analyses also consider gender- and immigrant-related outcomes. The findings indicate a rising presence of Hispanics in the entrepreneurial sector during the 2000s, especially for immigrants. This increase resulted from the overall growth in the Hispanic population in the U.S. as well as from rising self-employment rates within the Hispanic workforce. Analyses of earnings further indicate that the most recent recession offset some (but not all) of the progress Hispanic women had made with respect to reducing their self-employment “penalties” in the decade, but this was not the case for Hispanic men. Moreover, the recession led to higher rates of microentrepreneurship (defined as having fewer than ten employees) among the self-employed, particularly for foreign-born Hispanic women. These findings indicate Hispanic entrepreneurial growth appeared to have a positive impact on job creation in the 2000s, but mostly at the scale of smaller firms, especially near the end of the decade. The paper concludes with a set of policy implications.