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AFN Strategy Spotlight - The Racial Wealth Gap: Narrowing the Racial Wealth Gap through Business Ownership
This research provides the guideposts for strategic philanthropic support aimed at addressing the barriers that African Americans and Latinos face in using business ownership as a means to generate wealth.► Learn more
The growing racial and ethnic wealth gap presents a challenge for funders striving to build assets and tackle inequality in the United States. One of the key reasons for the racial wealth gap is that African-American and Latino households hold lower levels of business and financial assets. This is one of the key reasons for the racial wealth gap, so it stands to reason that business ownership may be an important means to narrow the gap.