This webinar highlighted the gains and challenges experienced by firms owned by people of color, and included an overview of men- and women-owned firms, as well as policy and practical solutions to help expand the number and success of entrepreneurs of color.
Entrepreneurs of color of all backgrounds experienced significant growth in the number of their firms from 2007 to 2012 — helping to fuel the U.S. recovery; but for many sales declined, Algernon Austin found in his recent report, “The Color of Entrepreneurship: Why the Racial Gap among Firms Is Costing the U.S. Billions.”
Helping entrepreneurs of color grow their businesses is essential to building their communities and strengthening the American economy, as the country becomes more racially and ethnically diverse. We need to support these entrepreneurs so they can create jobs and spark economic growth.
- Algernon Austin, Senior Research Fellow, Center for Global Policy Solutions
- Marla Bilonick, Executive Director, Latino Economic Development Center
- Thomas Yu, Strategic Development Officer, Asian Americans for Equality
- Sarah Murphy Gray, Senior Policy and Program Associate, Center for Global Policy Solutions (moderator)