African-American owned-businesses in the USA: Pre-pandemic trends and Challenges:
Some key findings include:
African American individuals in the U.S. own businesses at a significantly lower rate than the White population, but at a similar rate to Latinos.
African American-owned firms tend to be significantly smaller than White-owned firms.
Despite the large scale-up gap, the number of African American-owned employer businesses grew at a higher rate than the U.S. average between 2012 and 2017.
It will be interesting to analyze business demographics post COVID-19 pandemic as many businesses were affectedly adversely due to long-term closures. Is anyone else researching this topic?