After the murder of George Floyd and countless others and a contentious presidential election, much of the recent public outrage over longstanding racial injustices in the United States has rightfully focused on law enforcement and voting access. While attention on these issues should continue unabated, it’s worthwhile to examine yet another manifestation of American racism: inequities in the business world.
When it comes to starting and running an entrepreneurial venture, Black Americans and other people of color face significant disadvantages. The consequences of these inequities include more than the job losses and community disruption tied to a business’s collapse or failure to launch. They also undercut the potential of millions of people of color to bolster our shared economic system and address many injustices in the process.
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