Research paper: "U.S. Black-Owned Businesses: Pre-Pandemic Trends & Challenges"

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?