HomeBusinessReport: As Black-Owned Businesses Face Funding Decline More Support Is Needed

Report: As Black-Owned Businesses Face Funding Decline More Support Is Needed

Black Owned Business, sign outside restaurant, Queens, New york. (Photo by: Lindsey Nicholson/Education Images/Universal Images Group via Getty Images)

According to a new report from the Alliance for Entrepreneurial Equity, a partnership between the National Urban League and Third Way, barriers to Black-owned and other minority-owned businesses are keeping those businesses from reaching their true potential. The report also sets out that after an increase in venture capital funding following the 2020 George Floyd uprisings, there has been a decline in funding for Black businesses. Read more at www.Blackenterprise.com.

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