The writer talks about the importance of entrepreneurship and business education in high schools to equip the next generation to create wealth. Middle and high school students ought to be learning about how to run a business—and even running small businesses as part of their school activities. Learning how business works, what profits are, how to […]
Jobs & Hire: Racial Discrimination in Business Is Costing The U.S. Billions
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 […]
Wall Street Journal: As the Economy Floundered, Minority Women Opened Businesses
Kate Davidson covered our report, “The Color of Entrepreneurship,” from the angle of businesses opened by women of color, which registered tremendous growth. For example, the number of businesses with paid employees owned by Asian-American women grew 37.6% in the years during and after the recession, faster than any other demographic group. Hispanic women owned […]
Fast Company: The Racial Gap In Entrepreneurship Is Costing The U.S. Economy Billions
The racial gap between white-owned businesses and those owned by minorities is more costly than we may have realized, writes Lydia Dishman. Discrimination, both past and present, is inhibiting the true growth of these businesses. Without that, an additional 1.1 million businesses could be established and could produce an estimated 9 million more jobs. This […]
Huffington Post: Why the Current Color of Entrepreneurship Is Costing the U.S. Billions
Blogger Verelyn Gibbs Watson discusses why our latest report, “The Color of Entrepreneurship,” resonates with her as a business owner: As a new business owner, I know firsthand the challenges entrepreneurs face. However, as I look around at the business community, I notice there aren’t a lot of people who look like me. … According […]
Press Release for “Color of Entrepreneurship” Report
Contact: Simona Combi, 202-735-0519, simona@globalpolicysolutions.org Adam Shapiro, 202-427-3603, Adam.Shapiro@ASPR.bz Closing Racial Gap in Ownership of Private Firms with Employees Would Add Nine Million Jobs, One Million Businesses and $300 Billion in Worker Income to U.S. economy Center for Global Policy Solutions report analyzes data from Census’s Survey of Business Owners and offers policy recommendations to […]
The Virginian Pilot: Payday lenders prey on women, families
Debra Grant discusses why women of color are particularly vulnerable to predatory lending. Women of color are more likely to support children on their own than white women, but also have lower incomes than white women, according to the Center for Global Policy Solutions. This puts a lot of pressure on single mothers like me, […]
2016 Asset Builder Champion Awards Reception
Every year, we honor people who have dedicated their careers to helping low-income communities and communities of color build wealth and attain economic self sufficiency. These are the 2016 honorees. Charles Rangel War hero, civil rights advocate, master lawmaker, Charles B. Rangel has represented the 13th Congressional District of New York, which includes his […]
The Miami Times: Woman fights to save home from foreclosure
Avis Thomas Lester talks to Senior Research Fellow Algernon Austin about the deep effects of foreclosures on the black community: “Blacks started losing homes from about 2004. So we saw a wealth loss even before the recession,” said Algernon Austin, a senior research fellow at Global Policy Solutions in D.C. “Gains in homeownership that Blacks had […]
Huffington Post: These Charts Explain How Racial Inequality Continues Into Retirement
Daniel Marans looks at racial disparities in income and wealth that undermine retirement security for people of color: Social Security benefits and public assistance are not enough to erase the racial disparity in retirement account savings and overall household wealth once working families reach retirement age. As a result, black and Latino seniors are more likely […]
