A recent report from the Brookings Institution reveals that the number of Black-owned businesses in the United States remains disproportionately low compared to their population size. Despite an uptick in growth during the pandemic and the 2020 movement for social justice, these businesses continue to face significant external pressures.
The report highlights challenges such as gentrification and systemic generational disadvantages that hinder the progress and sustainability of Black-owned enterprises. These obstacles not only limit economic opportunities but also affect the broader landscape of entrepreneurship within the Black community.
CGTN’s Poppie Mphuthing reports on the ongoing struggles and the resilience of Black entrepreneurs striving to overcome these barriers.
Reference(s):
cgtn.com
