As a country, we've historically faced division across different areas, whether economically or socially, which is to be expected. Sometimes it even sparks productive change. However, in our current environment, this election's polarizing views are superseding what we should be focusing on, which is addressing inequality in our own communities.
To drive actionable change, we need to prioritize our local economies, and that starts with small businesses, specifically minority-owned. I believe our society will thrive best when we start working together to empower those from underserved communities to succeed.
Equity begins with increased access to opportunity. While it may be obvious that social equity requires equal access to opportunity, it's also clear that we still haven't done enough to make opportunities available to those who need them the most.
For example, Census Bureau data shows that Black female-owned companies currently make up less than 1% of all businesses in the U.S., while Latino/Hispanic-owned businesses account for only 6.9%. Meanwhile, white Americans continue to dominate the landscape by a significant margin.
#2024-election #social-equity #minority-owned-businesses #economic-inequality #community-empowerment
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