Document Type
Article
Publication Date
1-1-2016
Abstract
The most current U.S. census data reveals that there are approximately 1.9 million African-American businesses (U.S. Census Bureau, 2010) in the United States. Only 1% of these African-American businesses are considered high performing firms, defined by the United States Census Bureau as those that have annual receipts of over $1 million. These high performing firms are responsible for 61% of all jobs created by African-American firms (U.S. Census Bureau, 2010). Current data also indicates that African-American owned business start-ups occur more frequently than any other group; however, they also tend to be the least successful of all minority groups. It is important to our communities, labor force and the economy that African-American owned businesses grow, scale and stay sustainable. This research project reveals the barriers that are faced by successful high performing African-American and women-owned businesses and how they overcome those barriers.
Keywords
minority business enterprises, women-owned business enterprises, entrepreneurship, Weatherhead School of Management, African American, high performing firms, diversity, minority entrepreneurship, women-owned business
Rights
© The Author(s). This is an open access work distributed under the terms of the Creative Commons Attribution-Non-Commercial (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial reuse, distribution, and reproduction in any medium, provided the original work is properly cited.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Department/Center
Design & Innovation
Recommended Citation
Conley, Natasha, "Barriers to Growth: How High Performing African-American Owned Businesses Overcome Them" (2016). Student Scholarship. 90.
https://commons.case.edu/studentworks/90