U.S. small business head in Atlanta to discuss Black entrepreneurship

Posted under: MSMEs
Date: 2024-02-08
U.S. small business head in Atlanta to discuss Black entrepreneurship

Administrator Isabel Casillas Guzman of the U.S. SBA spoke Monday at Clark Atlanta University about growth in black entrepreneurship and the ways the SBA is trying to bolster that boom, though recent federal figures show the government has room to grow. The visit comes as the agency is celebrating Black History Month and a recent rise in small black businesses, which has also happened locally. “For black entrepreneurship in particular, we know capital gaps have been critical, and market gaps have been critical,” said Guzman. “For us to be globally competitive and for our economy to thrive, we need our entrepreneurs who have faced barriers of systemic racism to grow in their businesses,” she said. But though the number of black businesses in the country has grown, the federal government is still allocating a small share of contracting dollars to black and minority small businesses.

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