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Investing in Entrepreneurs of Color
The COVID-19 pandemic and the racial reckoning within the United States has exposed the need for increased investment and support for businesses and entrepreneurs of color in communities across the country.
Economic development organizations (EDOs) have an opportunity to work with and support entrepreneurs of color to overcome short- and long-term barriers through programs tailored specifically for them. 'Investing in Entrepreneurs of Color: A Playbook for Economic Developers' • a publication by IEDC's Economic Development Research Partners (EDRP) program • is a comprehensive guide for EDOs on how to support small businesses and entrepreneurs of color.
This playbook presents research on the effects of the pandemic on small businesses owned by people of color, identifies barriers these businesses face, makes an argument for why it is important for economic developers to address challenges at the local and regional level, and showcases multiple examples of how different EDOs around the country are successfully supporting local entrepreneurs of color.
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