Where Do We Go From Here? The Survival and Recovery of Black-Owned Businesses Post-COVID-19
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View abstract on PubMed
Summary
This summary is machine-generated.This study introduces a "Fourth Dimension" strategy to overcome race-based economic disparities for Black-owned businesses. It emphasizes community-supported market engagement to foster thriving business communities and economic vibrancy.
Area Of Science
- Social Sciences
- Economics
- Business Administration
Background
- Persistent race-based economic disparities hinder business ownership in communities of color.
- Existing research highlights the need for capital, education, and market access for business sustainability.
Discussion
- This research identifies an essential "Fourth Dimension" to foster thriving, socially oriented Black-owned business communities.
- The "Fourth Dimension" involves a collaborative, community-oriented social growth strategy.
Key Insights
- A tailored approach is needed to address unique barriers faced by businesses of color.
- Enhanced cooperative and community-supported market engagement is crucial for Black-owned businesses.
Outlook
- The proposed strategy aims to spur the development of sustainable and socially conscious Black-owned businesses.
- This research provides a framework for addressing economic inequities and fostering community economic vibrancy.
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