Systemic barriers translate into a steep price that Black entrepreneurs must pay to become entrepreneurs. Only 1% of venture-backed businesses are Black, at least in part because of unconscious bias and pattern recognition on the part of investors. Black nonprofits only receive 8% of funding in comparison to their white peers. Yet, Black entrepreneurs are a rising force in the modern landscape of business.
Despite historic disadvantages in building wealth and incomes, Black entrepreneurs have managed to create 4.7 million jobs in the last decade. Realized financial returns from investments in minority-owned businesses exceed those from white-owned ventures. The median net worth for Black business owners is twelve times higher than Black non-business owners.
How are Black entrepreneurs transforming the business landscape? In what areas are they making the most significant strides, and how do they move forward against challenges? Learn about the innovative changes that Black entrepreneurs are making across markets and how they are inspiring the next generation of entrepreneurs.
Celebrate Africa Day on May 25! Join us as we explore approaches to transforming the African narrative through effective engagement between the Diaspora and African Media. Register @ https://bit.ly/adnbaobabafricaday
Abbey Omokhodion, CFO for Intel PSG, Programmable Solutions Group & ADIS22 May moderator recapped the breakout rooms. She pointed to an important question: How do we ensure we are future ready? We need to re-invest in critical tech infrastructure and Interdependent Foundations.