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The Vital Role of Black Entrepreneurship in US History
General Debra Wheatman General Debra Wheatman

The Vital Role of Black Entrepreneurship in US History

Black-owned businesses have a long and rich history in the United States. But today, minority-owned businesses have a harder time getting access to capital and, therefore, have higher rates of failure compared to white-owned businesses. The plight of minority businesses in the US is finally being recognized and addressed. In 2024, the federal government put $30B into a Small Business Opportunity Fund for minority-owned businesses. In the wake of social protests in 2020, companies like Citi and JPMorgan Chase pledged millions of dollars in funding to uplift Black and Hispanic-owned businesses. These actions are the first steps on a long road to equitable opportunity for all businesses….

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