Minority entrepreneurship and economic disparities: Revisited from a development perspective

Grant description:

Innovation and entrepreneurship have long been strengths of the U.S. economy. But the experiences of entrepreneurs vary dramatically. In particular, race, ethnicity, and gender may play a significant role in shaping these experiences. This project will look at the differences among businesses owned by individuals of different racial and ethnic groups, as well as women-owned businesses. The researchers will look at business survival, business size, profits, and innovation activities. They will also seek to understand how these variations interact with and are influenced by the regional characteristics in which the businesses operate. Understanding the underlying factors that influence successful entrepreneurism is key for boosting innovation and future economic growth.