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Black CEOs Couldn’t Get a Loan (Now They Run Some of the Fast-Growing Companies in America)

Meanwhile, these Asians and Mexicans can be in the country for five minutes can get loans to open businesses..

Though blacks have been oppressed and it still follows them, you have Black CEO’s who have been breaking the mold..

Black CEOs run 73 companies on this year’s Inc. 5000. If you’re thinking that doesn’t sound like a lot, you’re right–that’s only about 1.5 percent of the companies that made the cut, based on revenue growth over the past three years.

So what gives? Why aren’t more African Americans breaking into the elite ranks of fast-growing companies?

Long-term, systemic oppression has had a dampening effect on entrepreneurship within African American communities. In particular, Austin points to three key problem areas: access to capital, formal education, and personal relationships within the business community.

Read full story at Inc.com…

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