The Racial Gap In Entrepreneurship Is Costing the U.S. Economy Billions

Minority businesses could boost the economy by as much as $300 billion. How? A new study from the Center for Global Policy Solutions titled, “The Color of Entrepreneurship: Why the Racial Gap Among Firms Costs the U.S. Billions,” analyzed business owners by race from 2007-2012 and found that firms owned by people of color have contributed to the economic recovery. The research was based on the U.S. Census Bureau’s Survey of Business Owners (SBO), which comes out every five years.

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