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$290 Billion Would Be Created in Black Wealth if The Revenue Gap Between Black and White Businesses Was Closed (iStock.com/fizkes) Here’s a thought-provoking statistic: A whopping $290 billion would be created in Black wealth if the revenue gap between what Black-owned and white-owned businesses generate were equal. That discovery came from building supportive ecosystems for Black-owned U.S. businesses, a fresh report from management consulting firm McKinsey & Co. reveals. The research showcases hurdles Black entrepreneurs face and provides answers that the public, private, and social sectors can implement for equitable and positive business outcomes. The report notes the right business ecosystems can mitigate or negate the effects of structural obstacles to business building for Black business owners, adding $290 billion in business equity. The report released in late October found entrepreneurship and business ownership particularly of community-based businesses are cruci

United statesWilliam michael cunninghamJohn paul julienMckinsey coCreative investment researchPaycheck protection programMichael cunninghamBlack enterpriseஒன்றுபட்டது மாநிலங்களில்வில்லியம் மைக்கேல் கன்னிங்ஹாம்ஜான் பால் ஜூலியன்மகிந்ஸீ இணைபடைப்பு முதலீடு ஆராய்ச்சிசம்பள காசோலை ப்ரொடெக்ஶந் ப்ரோக்ர்யாம்மைக்கேல் கன்னிங்ஹாம்கருப்பு நிறுவன