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About: Minority entrepreneurship in the United States     Goto   Sponge   NotDistinct   Permalink

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Minority entrepreneurship refers to entrepreneurial activity (new business creation) by individuals who belong to a minority group. In the United States, minority groups often include people who identify as African American, Hispanic, or indigenous; these social groups do not own businesses at a rate commensurate to their share of the population. For example, African American-owned businesses comprise 2.3% of businesses in 2022 even though African Americans are 14.2% of the American population. One explanation for this discrepancy is the history and persistence of discriminatory economic practices that result in a disparity in credit scores between white Americans and minority groups. The inequity in creditworthiness begins with redlining, but modern challenges to minority entrepreneursh