A New Path to Boost BIPOC Business: The Community Navigator Approach
Gary Cunningham, Nonprofit Quarterly
August 11, 2021
Description / Summary
Connectivity is critical in helping businesses thrive throughout the business lifecycle—from launch, to sustained growth, to potentially selling the business down the line. A strong ecosystem builds connections, closes gaps to access, strengthens businesses, and builds sustainable wealth in communities.
This is especially true for BIPOC entrepreneurs, many of whom face significant barriers to growth and scale. A recent federal report found that even though the number of firms they own has grown by 35 percent, the average gross receipts for those firms dropped by 16 percent.