Black entrepreneurs start businesses at higher rates than other groups and have high rates of female entrepreneurship, according to a new analysis by researchers at Babson College.
The research shows consistently higher rates of entrepreneurship among Black Americans. On average from 2014 to 2018, about 20% of the Black population in the U.S. started businesses — compared to roughly 12% of the white population and nearly 13% of the Latino population — the analysis found.
The research analyzes data from the college’s annual “Global Entrepreneurship Monitor” studies over the last five years, which includes a survey of over 3,000 adults in the U.S.
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