Race and Ethnicity in Social Entrepreneurship | New York City

About this event

The Kauffman Foundation’s 2017 State of Entrepreneurship reports that minorities own half as many businesses as non-minorities and make up only 20 percent of the country’s entrepreneur population, despite the fact that more than half of the U.S. population will be from racial minority backgrounds by 2050. According to the 2016 Annual Survey of Entrepreneurs:

African-Americans own 2.2 percent of employer-owned businesses, yet they comprise 13.4 percent of the overall population.

Native Americans own 0.5 percent of employer-owned businesses, but comprise 1.3 percent of overall population.

Hispanic-Americans (regardless of race) own 6.0 percent, while representing 18.1 percent of the population.

However, Asian-Americans, own 9.9 percent of employer-owned businesses, while representing 5.8 percent of the population.

Furthermore, businesses owned by members of racial minority groups both begin and stay smaller than equivalent businesses owned by non-minorities.

This panel will discuss barriers faced by entrepreneurs as a result of racial identities, with a focus on those who run socially-responsible ventures.

Prereqs & Preparation

None!