Capital Crisis: Minority Businesses and Access to Credit

Entrepreneurship is a crucial to closing the racial wealth gap. Yet, Experian Data’s recent study on minority businesses shows that although the number of minority businesses is growing, they tend to fail. Why? Minority entrepreneurs are facing a capital crisis. Twenty-one percent of all small business owners are minorities, and industry professionals are beginning to […]

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Wealth Disparity is Rooted in a History of Racism, Bad Politics and Socio-Economic Barriers

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In a recent article that I co-authored with Dr. William “Sandy” Darity, Jr., we contest the framing of wealth disparity that focuses on the poor financial choices and decision-making on the part of, largely, black, Latino, and poor borrowers. This directional emphasis is wrong. Meager economic circumstances – not poor decision making or deficient knowledge […]

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