Insights on Minority Business Growth: A Report on the Growth-Related Challenges Experienced by Minority-Owned Businesses in Texas

Date

2022-12

Authors

Daspit, Joshua J.
Wan, Maggie
Konopaske, Robert
Anderson, Sidney
Lopez, Omar S.

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Abstract

Data show that minority businesses do not grow at the same rate as non-minority businesses. This report outlines initial insights gained regarding why this difference exists. Based on qualitative and quantitative data collected from minority and non-minority business owners in Texas, four primary findings emerge that help to highlight the challenges minority-owned businesses encounter when seeking to grow.

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Keywords

minority businesses, entrepreneurs, business growth, financing, SCALEUP

Citation

Daspit, J. J., Wan, M., Konopaske, R., Anderson, S., López, O. S. (2022). Insights on minority business growth: A report on the growth-related challenges experienced by minority-owned businesses in Texas. Texas State University, San Marcos, Texas.

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