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Celebrating National.Black Business Month in August is neither a divisive move or a DEI play. It’s pure economics. States that are thriving with minority entrepreneurs have a higher overall GDP. In light of the growing number of businesses owned by Black, Hispanic, and Asian Americans in New Hampshire- the state is ranking 5th in the nation for minority entrepreneurs, and ranking 10th Best State for Black Entreprenuers. Check out the article here: https://lnkd.in/eMqRmu8G

Myth: The playing field is already level for Black entrepreneurs in Canada. The challenges Black entrepreneurs face are systemic, persistent, and unique—yet rarely acknowledged at the scale they deserve. From access to capital to navigating rigid networks, Black business owners encounter barriers that others don’t. Studies show higher interest rates, stricter loan terms, and lower approval rates for Black entrepreneurs. These disparities don’t just hurt individuals—they weaken our economy by stifling innovation and limiting opportunities. So, how do we change this? Read more from Tiffany Callender, Co-Founder and CEO of FACE Coalition: https://lnkd.in/gxst4U4s #BlackEntrepreneurship #DiversityAndInclusion #InclusiveEconomy #FutureEconomy

The recently released 2024 State of Black Business report, sheds light on the ongoing challenges faced by Black entrepreneurs in America.  Produced by the Alliance for Entrepreneurial Equity, a partnership of the National Urban League and Third Way, the report underscores the persistent obstacles that hinder the growth and success of Black-owned businesses. Despite some … Continued #buyblack,#blackownedbusiness,#blackexcellence,#blackownedbrand

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Did you know that in Canada, the return on assets and profit margins for Black-owned businesses are below the average levels for white-owned businesses? About 72% of Black entrepreneurs earn annual revenues below $50K. In their research, Bains and Company discovered that, 80% of Black entrepreneurs use personal savings to fund their businesses. The research goes on to explore the barriers faced by Black entrepreneurs and offers insights on how to overcome them. Continue reading: https://lnkd.in/dWbzq4X8

🚨 Myth: Black entrepreneurs have the same access to opportunities as everyone else. The truth? Systemic barriers still block access to capital, networks, and opportunities for Black business owners in Canada. Read more from Tiffany Callender, Co-Founder and CEO of FACE Coalition: https://lnkd.in/gnZecKxj #BlackEntrepreneurship #InclusiveEconomy #DiversityMatters #FutureEconomy

Black Men In Business Say This Is The Key To Success Being a Black entrepreneur is far from easy. If you are a Black business owner who is struggling, know that there are so many Black entrepreneurs who are exhausted from running a business with little to no assistance. And in 2021, Black and African-American owned businesses only accounted for about 3% of businesses in the United States. It’s important to note that there are over 33 million small business owners in The United States alone. More than 80% of small businesses operate without any staff. But despite the odds, many Black men are overcoming adversity and thriving in entrepreneurship. The most difficult part of being an entrepreneur in this economy is access to capital and people who can afford your services. The gap between the haves, and the have nots continues to widen, and it is becoming increasingly more difficult,” he told me. “Find those with not only the need but the discretionary income to utilize your products and services,” he said. Build Strong and Authentic Relationships Developing strong relationships is one of the most important parts of being an entrepreneur. And Taylor couldn’t agree more. He believes that building relationships is the foundation of being a successful entrepreneur. Leverage Data and Tap into Underserved Markets Greg Maurice is also a major player in the business world. Like Taylor, he has become a big name in both business and entertainment. He is first-generation Haitian-American and is a globally respected executive and entrepreneur. Invest in Compelling Brand Storytelling Maurice stressed the importance of investing in compelling brand storytelling. Unlike some people in the corporate sector, Maurice believes that connecting emotionally with your audience is a vital part of becoming successful.

🌟Empowering Change & Building Wealth: Supporting Black Entrepreneurs We're thrilled to share compelling insights from The Brookings Institution that highlight the importance of our work! Research shows that growing 15% of black businesses will bring more than 600 thousand jobs, and add $55 billion, according to the Path to 1555 Initiative by CapEQ. Therefore, supporting Black entrepreneurs is crucial to closing the racial wealth gap. However, access to capital remains a significant challenge. We're grateful to thought leaders like Andre M. Perry, Tynesia Boyea-Robinson, and others for their contributions to this crucial event. Check out the article below to discover more ways to support black entrepreneurship. https://lnkd.in/eyt_a4hZ #WeavingImpact #EconomicEquality #WealthGap #Entrepreneurship #SocialImpact #InclusiveEconomy #EconomicJustice #BusinessGrowth

Latino-owned business start-up rates have surpassed those of other groups, but gaps remain in access to capital and entrepreneurial resources and support.   Our CEO, Eneida Roman, joined by CEOs Angela Sanchez, MBA of Merge-Tek, and Al Salas of Eco Auto, joined WBUR's Tiziana Dearing to discuss the topic of Latino business entrepreneurs, some of the equity roadblocks many face (and overcome), and how we can continue to bolster them in the Commonwealth and beyond.   https://lnkd.in/ezTBXjgm

Ontario's RAISE program provides culturally responsive training, networking opportunities, and a grant of $10,000 to support Indigenous, Black and other racialized entrepreneurs. Our government invested $5M this year to help 400 diverse entrepreneurs start and grow their ventures through the program! Michael Ford