March of 2016 — The Association for Enterprise Opportunity (AEO), a nonprofit organization dedicated to empowering microbusinesses, released a report “The Tapestry of Black Business Ownership in America: Untapped Opportunities for Success.” Funded by the W.K. Kellogg Foundation, The W.K. Kellogg Foundation (WKKF), founded in 1930 as an independent, private foundation by breakfast cereal pioneer, guided by the belief that all children should have an equal opportunity to thrive.
“The three barriers described in the report are a Wealth Gap, fewer assets and less disposable income to invest in business; a Credit Gap, decreased access to formal credit and high denial rates; and a Trust Gap, institutional bias that Blacks have experienced, inhibiting them from actions such as applying to financial institutions for more capital, joining networks, creating valuable partnerships, and more.”
So is it truly a set back due to slavery? , inequality or just laziness because we have been told so long the ‘man’ is trying to hold us down? Or is there really draw backs in the system? I personally believe there are draw backs for low income individuals more than anything else rather than color. Now, whether these laws where intentionally started to hinder a specific race doesn’t matter at this point. There are plenty of people who are driven and are held down for one reason or another and there are people who just don’t care to get ahead and are complacent with being in the same spot. I know some people like that, I use to be married to a person one. Is it just black people or is it the government really is still trying to keep people down. Given that our last president was a black man elected twice.. is there still racism?
I Think it a lot of both. In order for blacks to move forward and claim what is ours we must be transparent and take each other as a whole. white black whatever there has to be a ways to be able to say hey you are awesome or hey your not my type of person no matter what race there is. When we get old it doesn’t matter what color we are it really only matters who is willing to put up with you in old age.