No images? Click here
John,
There’s a powerful solution to unlocking millions of jobs and trillions of dollars to our economy — and it’s hiding in plain sight.
In a world where investors and policymakers are looking for the “next big thing” to pump up our economy, supporting small minority-owned businesses would pay huge dividends.
In fact, research shows that if we properly invested in minority-owned businesses, we could add 13 million new jobs and more than $3 trillion to our economy.
Prosperity Now is leading the way in pursuing this powerful solution. But we need your help.
It will take two simple steps to maximize the potential of this remarkable yet incredibly overlooked market.
Increase the wealth of minority-owned businesses. Currently, just 2% of minority firms generate gross receipts of more than $1 million, a gap of 10:1 with their white counterparts.
Bring the share of minority-owned employer businesses to parity with White-owned employer businesses.
It sounds simple, but the obstacles these businesses face can be insurmountable. Underfunded, overwhelmed, and often alienated from the support networks that open doors to life-changing opportunities, it’ll take new thinking, innovations to existing systems, and creative solutions to change the status quo.
We can introduce solutions like alternative creditworthiness measures and technology that distributes capital more equally for businesses seeking funding. We can develop merger and acquisition strategies that transfer companies to minority ownership. We can invest in institutions already successfully serving minority entrepreneurs and their businesses.
This National Black Business Month, help build the shared prosperity our nation desperately needs with your powerful donation today.
Sincerely,
Cherie Collins Sims, PhD
Interim President and CEO
