Black-owned businesses in the United States continue to face significant systemic disadvantages, revealing a gap between their population size and business ownership, according to a recent Brookings Institution report.
Despite a surge in growth spurred by the pandemic and the 2020 social justice movements, these businesses are still battling external pressures like gentrification and longstanding generational challenges.
Experts emphasize the need for more supportive policies and community initiatives to help bridge this gap and foster a more equitable business environment.
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Reference(s):
cgtn.com