Businesses owned by Black and marginalized community members need capital and tools to level the playing field.
The American dream of business ownership seems frustratingly out of reach for many Black Americans. At the current rate, it would take centuries (256 years, to be exact) to bridge the gap between the Black population and Black business ownership. In fact, according to the Federal Reserve’s Survey of Consumer Finances, the country’s racial wealth gap increased by $49,950 from 2019 to 2022. This imbalance highlights a system riddled with barriers that widen racial wealth divides.
