The (Covid-19) pandemic’s disproportionate impact on minority-owned small businesses is further evidence of systemic inequalities in our country. Even more concerning, the pandemic could exacerbate and elongate the economic struggles already facing minority-owned businesses and families.
– Suzanne P. Clark, President, U.S. Chamber of Commerce

In many circles, with the rapidly changing demographics of the United States, the minority business sector is arguably the fastest-growing segment of small business. Therefore, it stands to reason that ensuring the success of the minority business community will have significant, positive effects on both the United States economy in general, and each of the 50 states.
– Scott Vowels, Ph.D., Author of “Economic Impact Report: The Effects of NMSDC Certified Minority Business Enterprises on the U.S. Economy”

Spending money on Black issues addresses the social components of the problem but not the economics of the problem.
– Randal Pinkett, Ph.D., and Chairman and CEO of BCT Partners

The combined buying power of Blacks, Asian-Americans and Native Americans is estimated to be $2.4 trillion, while the nation’s Hispanics command $1.5 trillion in spending power — larger than the GDP of Australia.
– University of Georgia, “The Multicultural Economy Report”

The U.S. saw its largest ever decline in the number of business owners between February and April, as at least 3.3 million shut their doors … What it means: The record wave of closures was widespread but disproportionately hit minority- and immigrant-owned firms, and "may portend longer-term ramifications for job losses and economic inequality.”
– Dion Rabouin, Axios Markets