Business
US: Black owned businesses growing
Entrepreneurs: Miko and Titi Branch PHOTO: The Atlanta Post
As America’s jobs crisis, brought about by the Great Recession, drags into a fourth year, there is a rare bright spot on the job creation horizon. Black-owned businesses have grown faster since 2007 than the overall rate of growth for small businesses.
A major factor in that growth has been the success of minority business set-aside programs instituted by city and state governments, and corporate-level supplier diversity programs. As the nation searches for ways out of the persistent jobs crisis, the success of these policies on the local, state and federal level cannot be ignored. Certainly the leadership of enlightened mayors, governors and corporate CEOs are essential to the continuation of the growth of black-owned businesses.