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To expand the economy, invest in Black businesses

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This article is from Brookings.edu. For the descendants of enslaved Africans in the United States, entrepreneurship represents more than just owning a business and pursuing the proverbial American Dream. Instead, the ability for Black people to participate in local, regional, and global markets represents a dream deferred by systemic racism and discrimination. Consequently, an analysis […]

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Opinion: The 2-cent solution to close the racial wealth gap: A call for U.S. companies to invest in Black communities

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If just 2 cents of every dollar earned by U.S. corporations was reinvested in Black communities, the racial wealth gap would close at a pace and scale never before seen in this country. Referred to as “The 2% Solution,” this premise, championed by Vista Equity Partners founder Robert Smith is bold, yet simple. He proposes

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Building supportive ecosystems for Black-owned US businesses

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Article by By David Baboolall, Kelemwork Cook, Nick Noel, Shelley Stewart, and Nina Yancy from McKinsley.com Black business owners have been disproportionately affected by the pandemic-linked economic downturn, partly because they were more likely to already be in a precarious position, including more likely to be located in communities with business environments that are more

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