Author Andre Perry on 'Black Owned Business' Report

The video discusses the impact of the pandemic on Black entrepreneurship, highlighting both challenges and opportunities. It addresses the wealth gap and the use of pandemic relief funds to start businesses. The video also explores myths about Black-owned businesses, showing they often score higher on Yelp but earn less revenue. Policy changes and financial access are discussed, with a focus on improving support for Black businesses. The video concludes with a call for increased investment in Black businesses to match their population percentage, which would significantly boost the economy.

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

• 10%

• 8%

• 5%

• 2%

What is a common misconception about Black-owned businesses?

• They have poor customer service.

• They are not as profitable.

• They receive high Yelp ratings.

• They are mostly located in affluent areas.

What did Janet Yellen highlight as a persistent issue for Black Americans in the economy?

• Lack of education

• High unemployment rates

• Structural inequalities

• Limited access to technology

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

• To close Black-owned businesses in low-income areas

• To promote Black-owned businesses internationally

• To reduce taxes for Black-owned businesses

• To increase the number of Black-owned businesses with more than one employee

What would matching the percentage of employer firms to the Black population achieve?

• Reduction in government support

• Increase in the number of businesses by 800,000

• Decrease in business competition

• Increase in unemployment