Zoe Henry covers our report, “The Color of Entrepreneurship,” and focuses on how much worker income the U.S. economy is missing because people of color are underrepresented as business owners with employees.
Although the number of minority-owned businesses has increased (there are now 2.6 million firms owned by African Americans, compared to 1.9 million in 2007, for instance), the report highlights that discrimination has led to the foregoing of over 1 million new companies owned by people of color, which would translate to 9 million jobs, and $300 billion.
The report coincides with the 2016 Color of Wealth Summit at the Capitol, an event that will bring together prominent entrepreneurs and policymakers on Thursday to discuss the racial wealth gap, including a keynote by U.S. Senator Elizabeth Warren.
