Author Andre Perry on 'Black Owned Business' Report

The video discusses the impact of the pandemic on Black entrepreneurs, highlighting how relief funds have been used to start businesses. It addresses the challenges Black businesses face, such as the low percentage of employer firms, and explores myths about Black-owned businesses. The video also examines policy changes and financial access issues, emphasizing the need for government support to foster growth. It concludes with a discussion on the potential for increasing Black-owned businesses and the importance of investment.

What percentage of employer firms are Black-owned, despite Black people making up 14% of the population?

• 14%

• 2%

• 10%

• 5%

What is a common misconception about Black-owned businesses?

• They are not located in Black neighborhoods.

• They have lower Yelp ratings.

• They are less profitable due to poor service.

• They receive more investment than needed.

What did Janet Yellen highlight about the economy's impact on African Americans?

• It has improved significantly in recent years.

• It has never worked effectively for them.

• It is irrelevant to their economic status.

• It has always been beneficial.

What is one goal of the research mentioned in the video?

• To decrease the number of Black-owned businesses.

• To eliminate government funding for Black businesses.

• To reduce the number of businesses in Black neighborhoods.

• To increase the share of businesses with more than one employee.

Why is there a need to invest in Black-owned businesses according to the video?

• To match the percentage of employer firms with the Black population.

• To prevent them from receiving too much revenue.

• To decrease the number of businesses in Black neighborhoods.

• To ensure they remain small and manageable.