Full Citation

Title: Minority Businesses in the U.S.: An Economic Review of Scholarly Research since 2000

Citation Type: Miscellaneous

Publication Year: 2013

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Abstract: The U.S. small business sector is a key engine that drives U.S. competitiveness by employing more than half of its citizens and spawning business innovations that result in high economic growth. In the upcoming years, firms composing the small business sector will increasingly be owned by people of color as the U.S. population becomes more racially and ethnically diverse, and as minority persons start businesses at a faster rate than do their non- minority peers. Yet, small businesses owned by minorities are underperforming small businesses owned by non-minorities. The key ingredients for the success of any small- business are (1) the leadership of a skilled and capable entrepreneur, (2) access to sufficient financial capital to achieve scale, buffer losses and exploit business opportunities, and (3) awareness of and access to markets in which to successfully sell the firm’s products. What do we know about the issues of new and existing minority businesses in achieving and utilizing these ingredients? This study is a literature survey that examines recent scholarly research related to this question. In order to implement appropriate programs and policies that sustain a thriving minority business sector, we must understand the challenges that minority entrepreneurs face. This study analyzes and reports key results from economic-related research conducted related to minority businesses and published in peer reviewed scholarly journals since 2000.

Url: http://www.tabor100.memberlodge.com/Resources/Documents/Kauffman report.pdf

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Authors: Bradford, William, D

Publisher: Kauffman Foundation

Data Collections: IPUMS USA

Topics: Race and Ethnicity

Countries: United States