An Interesting Stat about Black Business

I recently read a McKinsey report on Building Supportive Ecosystems to Support Black-owned Businesses and came across an interesting stat:

Black Americans have never had an equal ability to reap the benefits of business ownership. While about 15 percent of white Americans hold some business equity, only 5 percent of Black Americans do. Among those with business equity, the average Black American’s business equity is worth about 50 percent of the average American’s and a third of the average white American’s (Exhibit 1).

There’s a lot to unpack on this graph but what stands out to me if the tripling of this number from 2010 to 2013. There’s more work to be done to uncover what were some of the key drivers of the jump and how we can replicate it a few more times.

Read more here.