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Minority entrepreneurship in twenty-first century America

Author

Listed:
  • Timothy Bates

    (Wayne State University)

  • William D. Bradford

    (University of Washington)

  • Robert Seamans

    (New York University)

Abstract

Prior to the 1970s, minority-owned small businesses were small in size and scope, and common in only a few industry niches. Business owners were severely capital-constrained, lacking in higher education, and training in skilled occupations. The median owner today, in contrast, is college educated, access to financing has expanded, and opportunities to serve corporate and public-sector clients are commonplace. Nearly 40% of all new firms created nationwide in 2015 were minority owned. Changing attitudes in mainstream society reduced traditional barriers. True equality of opportunity among small minority- and white-owned firms of similar size and scope has nonetheless not been achieved. This issue of Small Business Economics examines lingering barriers impeding the development of a more vibrant minority business community. Focusing on access to financing and government procurement markets, articles in this issue offer explicit analyses of enduring barriers, along with explanations of adoptive strategic firm behavior appropriate for reducing those barriers.

Suggested Citation

  • Timothy Bates & William D. Bradford & Robert Seamans, 2018. "Minority entrepreneurship in twenty-first century America," Small Business Economics, Springer, vol. 50(3), pages 415-427, March.
    • Handle: RePEc:kap:sbusec:v:50:y:2018:i:3:d:10.1007_s11187-017-9883-5
    DOI: 10.1007/s11187-017-9883-5
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    References listed on IDEAS

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    3. Inessa Love, 2020. "Entrepreneurial Access to Finance in the US," Working Papers 202004, University of Hawaii at Manoa, Department of Economics.
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    6. Pan, Mengyang & Hill, James & Blount, Ian & Rungtusanatham, Manus, 2022. "Relationship building and minority business growth: Does participating in activities sponsored by institutional intermediaries help?," Journal of Business Research, Elsevier, vol. 142(C), pages 830-843.
    7. Gregory N. Price & Chris W. Surprenant, 2022. "The Treatment Effect of Business Education on the Supply of High School Entrepreneurs in Atlanta and New Orleans," The American Economist, Sage Publications, vol. 67(1), pages 85-98, March.
    8. Veiga, Pedro Mota & Teixeira, Sérgio Jesus & Figueiredo, Ronnie & Fernandes, Cristina I., 2020. "Entrepreneurship, innovation and competitiveness: A public institution love triangle," Socio-Economic Planning Sciences, Elsevier, vol. 72(C).
    9. Bernard Hoekman & Bedri Kamil Onur Taş, 2022. "Procurement policy and SME participation in public purchasing," Small Business Economics, Springer, vol. 58(1), pages 383-402, January.
    10. Swab, R. Gabrielle & Wolfe, Marcus, 2023. "Game on! Age, race, and performance in the board game industry," Journal of Business Venturing Insights, Elsevier, vol. 19(C).
    11. Mai Thi Thanh Thai & Amon Simba & Marina Dabić, 2024. "Host versus home country influence on the immigrant entrepreneurial process: an imprinting perspective," Review of Managerial Science, Springer, vol. 18(12), pages 3597-3638, December.
    12. Arkangel M. Cordero & Alexander C. Lewis, 2024. "How Does Regional Social Capital Structure the Relationship Between Entrepreneurship, Ethnic Diversity, and Residential Segregation?," Entrepreneurship Theory and Practice, , vol. 48(3), pages 788-825, May.
    13. Rachel Atkins & Lisa Cook & Robert Seamans, 2022. "Discrimination in lending? Evidence from the Paycheck Protection Program," Small Business Economics, Springer, vol. 58(2), pages 843-865, February.
    14. Dewen Liu & Shenghao Han & Chunyang Zhou, 2022. "The Influence of Physical Exercise Frequency and Intensity on Individual Entrepreneurial Behavior: Evidence from China," IJERPH, MDPI, vol. 19(19), pages 1-22, September.
    15. Gregory N, Price & Bussey, Tiffany, 2024. "Can business clinics induce minority entrepreneurship? Treatment effect estimates from Atlanta and New Orleans," Journal of Business Venturing Insights, Elsevier, vol. 21(C).
    16. Jack I. Richter & Pankaj C. Patel, 2022. "Impact of the COVID-19 pandemic on the hours lost by self-employed racial minorities: evidence from Brazil," Small Business Economics, Springer, vol. 58(2), pages 769-805, February.
    17. Md Mizanur Rahman & Ali A. Hadi Alshawi & Mehedi Hasan, 2021. "Entrepreneurship in Ethnic Enterprises: The Making of New Immigrant Businesses in New York," Sustainability, MDPI, vol. 13(20), pages 1-19, October.
    18. Qingfang Wang & Wei Kang, 2023. "Small businesses and government assistance during COVID-19: Evidence from the paycheck protection program in the U.S," Environment and Planning A, , vol. 55(8), pages 2147-2165, November.
    19. Maximilian Benner, 2023. "Making spatial evolution work for all? A framework for inclusive path development," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 16(3), pages 445-462.

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