This guide highlights existing research on the link between the racial wealth gap and business ownership. Because lower levels of business and financial assets held by African-American and Latino households are one of the key reasons for the racial wealth gap, business ownership may be an important means to narrow the gap.
Tweet “The growing #racialwealthgap presents a challenge for funders striving to build assets and tackle inequality in the United States [and] business ownership may be an important means to narrow the gap.”
Tweet “Grantmaking and investment strategies focused on micro- and small-business development can directly address the factors that inhibit business creation, growth, and survival by African-American and Latino entrepreneurs.”
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