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Unveiling the Power of Race and Education in Shaping Entrepreneurial Dreams: An Empirical Study in Florida

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  • Donovan Collier

    (School of Business and Public Administration (SBPA), University of the District of Columbia, Washington, DC 20008, USA)

  • Ravi Chinta

    (School of Business and Public Administration (SBPA), University of the District of Columbia, Washington, DC 20008, USA)

Abstract

This study investigates the main effects and the interaction effects of race and education on entrepreneurial intentions in the pre-startup phase, using logistic regression analysis on a sample of 967 respondents from Florida. Blacks and Other Nonwhites are compared to Whites in the logistic regression analysis. As the largest empirical study of its kind at the state level in the U.S., it addresses a gap in the literature by focusing on a narrowly defined geographic area. The findings reveal significant differences in entrepreneurial intentions among racial groups, with education playing a crucial role. Policy implications include the need for tailored support programs and inclusive financial products to foster a more equitable entrepreneurial ecosystem. This study underscores the importance of entrepreneurial education and highlights the necessity for ongoing research to understand the unique challenges faced by Nonwhite entrepreneurs, ultimately contributing to a more inclusive and dynamic economy.

Suggested Citation

  • Donovan Collier & Ravi Chinta, 2025. "Unveiling the Power of Race and Education in Shaping Entrepreneurial Dreams: An Empirical Study in Florida," Administrative Sciences, MDPI, vol. 15(1), pages 1-14, January.
    • Handle: RePEc:gam:jadmsc:v:15:y:2025:i:1:p:27-:d:1567479
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    References listed on IDEAS

    as
    1. Robert W. Fairlie & Alicia Robb, 2007. "Families, Human Capital, and Small Business: Evidence from the Characteristics of Business Owners Survey," ILR Review, Cornell University, ILR School, vol. 60(2), pages 225-245, January.
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    3. Robert Fairlie, 2020. "The impact of COVID‐19 on small business owners: Evidence from the first three months after widespread social‐distancing restrictions," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 29(4), pages 727-740, October.
    4. Phillip Kim & Howard Aldrich & Lisa Keister, 2006. "Access (Not) Denied: The Impact of Financial, Human, and Cultural Capital on Entrepreneurial Entryin the United States," Small Business Economics, Springer, vol. 27(1), pages 5-22, August.
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