Black people have always had an entrepreneurial spirit. There’s no lack of desire or motivation that stops them from pursuing the path.
According to the most recent official numbers from the U.S. Census Bureau, there are nearly 3.6 million Black-owned businesses. An estimated 1.3 million people are employed by 4 percent of those companies.
Despite having millions of businesses, there are still long-standing hurdles to entrepreneurship. Lack of access to capital, education, networking and mentoring opportunities keeps potential founders from taking the steps needed to build something great.
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