Jane Reed discusses how both discrimination and low family wealth hinder people of color in their efforts to become successful entrepreneurs.
The study detailed that discrimination is inhibiting the growth of these businesses. If racial discrimination were to be removed, the study claims that an additional 1.1 million businesses could be created and would provide about 9 million jobs. These numbers can increase the United State’s income by $300 billion.
Aside from racial discrimination inhibiting the success, wealth is also a factor. The researchers encourages Americans to begin wealth building in communities of color. This can be done by instilling tax credits that will promote venture investments in minority businesses. Providing quality education could increase the chances of pushing disadvantaged minority groups to success.
