Brookings Metro reveals dashboard to help cities follow and close holes in black company property

Brookings Metro’s Center for Community Uplift has recently unveiled its new Black Business Parity Dashboard, a tool that will use it to help policymakers, organizers and other members of the Community make the potential impact of Black Residents Entrepreneurship a reality to provide their population as they would see how those companies would see.

According to Brookings, the Atlanta tool, which is seen as one of America’s black meccas, and thought that If the population share in Atlanta was matched by black companies, the 14,000 black companies would become 63,000 companies in black, become a dramatic increase.

Similarly, in Detroit, where nearly 2,800 black companies are, if that number were to be adjusted in the line of the black population share of Detroit, this would result in more than 23,000 black property companies that would create around 460,000 jobs for the metro area of ​​Detroit, that could contribute to the economic recovery of the city of Bannia of Bannia of Bannia.

The tool helps to prove what a group of researchers claimed in their analysis of 2021 From a fatal condition for black companies for the National Community Reinvestment Coalition, the racial wealth gorge, which also influences how black companies are invested and discouraged to scale up because they do not have the capital needed to expand their footprints.

According to the analysis of Dedrick Asante-Muhammad, Dr. Jared Ball, Jamie Buell and Joshua Devine, “To produce more personal and community richness of black entrepreneurship, public and private sector expenses are deliberately channeled into black companies.”

Although the findings of their research focus on the pandemic, their findings come to the aforementioned goals of the Black Business Parity Dashboard, to give city and community leaders the tools to visualize what a larger and more focused investment in black companies could produce in their metal areas.

According to an analysis of 2024 of the economic impact of small small companies due to black-owned The Reynolds Center for Business Journalismper data from the Census 2021; 161,031 black companies produced $ 206 billion in incomeWhat suggests that if these companies were quadrupled, some models in the dashboard say that the income number could become even more impressive.

As Brookings advised in 2020, the key to Unlock the US economy Is in increasing investments in black companies, as they noted, “the under-representation of black companies costs the US economy millions of jobs and billions of dollars in non-realized income,” but their recipe for solving that problem, such as the dashboard now makes clear, is to create parity for the black companies of the country.

According to Ashleigh Warder, senior adviser to the Policylink president, solutions for tackling the racial wealth gap can also be applied to companies in black ownership. “DBE programs and small business training will never be enough to close the racial power gorge in America – that is simply tinkering with the edges. We need racial stock standards in the private sector: from greater access to capital outside of traditional debts to new and repairing financial products in the midst of the private sector to the middle of the narroward sector to the mid -sector to the middle of the narroward sector Change strategies are located in the middle of the narrative change strategies. “

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