The top sector where Black owners are creating businesses is health care, Andre Perry of the Brookings InstitutionReality check:
Although many Black entrepreneurs are starting businesses, most of these startups are micro-businesses, where the owner is also the sole employee, Perry tells Axios. Black people represent 14% of the U.S. population, but just 2% of owners of employer firms, which are businesses that employ people, he says.
"Wealth is the major driver," Perry says. Employer firms are bigger and require more capital than many Black small business owners have access to due to
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