Black-owned businesses are an engine of growth in the U.S., and they must be supported. The United States is becoming an increasingly Black and Brown country, so it is incumbent upon the nation to offer more economic opportunity for those who traditionally have been left out of the process and who have been so used to having doors shut in their faces.
A recently released national survey reveals that Minority Business Enterprises encounter issues in securing access to capital. The National Minority Supplier Development Council — a corporate membership organization that promotes business opportunities for minority-owned businesses and connects them to corporations — issued the survey, which “focuses on the internal factors, those within a minority firm’s control, which may hamper their ability to obtain critical growth or acquisition capital.”
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