Latest Breaking News On - Entrepreneurship education program - Page 1 : comparemela.com

Published January 12, 2021 • Updated on January 12, 2021 at 9:21 am @criene via Twenty20 Only 4.3% of America s 22.2 million business owners are Black, according to a February report by the Brookings Institute. And Black-owned businesses launch with about a third less capital than their White peers and have difficulties raising private investments from mainstream investment systems, reported Brookings. While 7% of White business owners get a loan in their first year of business, only 1% of Black business owners do so. Amid the Covid-19 pandemic, Black-owned businesses have also been hit the hardest. According to a recent analysis by the Federal Reserve Bank of New York, Black firms have been almost twice as likely to shutter as firms overall. And just 20% of the Paycheck Protection Program (PPP) loans went to areas that had the highest concentration of Black-owned businesses, the Fed found.

New yorkUnited statesBobbi lemonisMinority business development agencyFederal reserve bankBusiness consortium fundFoundation for business equity initiativeNational minority supplier development councilBrookings institutePaycheck protection programUs department of commerceEntrepreneurship education programFormerly incarcerated persons grantEnterprising womenColor grantLocal initiatives support corporation