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We assess the role of race in loans made through the Paycheck Protection Program (PPP). The PPP program, created by the U.S. government as a response to the Covid-19 pandemic, provides loans to small businesses so they can keep employees on their payroll. We argue that the historical record and PPP program design choices made it likely that many Black-owned businesses received smaller PPP loans than White-owned businesses. Using newly released data on the PPP program, we find that Black-owned businesses received loans that were approximately 50% lower than observationally similar White-owned businesses. The effect is marginally smaller in areas with more bank competition and disappeared over time as changes to the PPP program were implemented allowing for entry by fintechs and other nontraditional lenders. We find that Black-owned businesses received loans through the Paycheck Protection Program that were approximately 50 percent lower than White-owned businesses with similar characteristics. However, this difference in loan size shrank over time as more non-bank lenders such as fintechs were allowed to participate in the program and began approving PPP loans. Loan size differences were also slightly smaller in zip codes containing a larger number of bank branches. These results are consistent with prior research which shows lending discrimination by commercial banks against Black borrowers. It is also consistent with studies showing that greater access to and competition among banks and other lenders can reduce discrimination. In light of these results we recommend that policy makers account for existing racial inequalities within banking or other systems in their program design to produce more equitable outcomes.

We focus on the role of racial identity in the entrepreneurial journey, its antecedents and expected outcomes. Building on entrepreneurial identity and racial identity literatures, we analyze 21 reflective interviews featuring African American and Black entrepreneurs leading successful businesses to develop a racial identity approach to entrepreneurship. Findings uncover that the relevance of racial identity, often perceived as a liability before embarking on entrepreneurial endeavors, triggers entrepreneurial action to escape racial segregation and discrimination. Within the context of the venture, racial identity manifests in two distinct ways: (a) through a value proposition and target market defined by racial centrality and ideology, showing how racial identity may be an asset; and conversely, (b) through racial salience when accessing resources, reflecting racial identity as liability. Creating a venture with a strong racial identity is an essential aspect of its racialized meaningfulness. The entrepreneur aims to provide a racial role model from the African American community to empower future generations and reinforce the perception of racial identity as a valuable asset. Our study challenges the notion of race-neutral entrepreneurship and supports that entrepreneurship is an emancipation mechanism for racial minorities. Plain English Summary Racial identity plays a pivotal role in the entrepreneurial journey of African American and Black entrepreneurs in three important ways. First, one’s racial identity, once seen as a drawback, motivates these individuals to start businesses to escape racial bias. Second, racial identity in the venture is expressed in two main ways: entrepreneurs create products and services to racially similar customers, leveraging their identity as an asset; simultaneously, they face challenges in accessing financial resources due to their race, revealing it as a liability. Third, by building businesses that strongly reflect their racial identity, these entrepreneurs aim to inspire others from their community and change how society sees this identity. The principal implication of this study is that race significantly influences the entrepreneurial journey for individuals of racial minorities, affecting product development, target markets, resource access, and outcomes. It challenges the notion of race-neutral entrepreneurship, highlighting its potential to positively impact racial identity and communities.

People identifying as Black/African American are less likely to engage in advance care planning (ACP) compared to their White peers, despite the association of ACP with improved patient and caregiver outcomes. Assess facilitators/barriers to ACP in the San Francisco (SF) Black community and co-design/implement/test community-based ACP pilot events. Community-based participatory research, including qualitative research, intervention development, and implementation. In partnership with the SF Palliative Care Workgroup (which includes health system, city, and community-based organizations), we formed an African American Advisory Committee (n = 13). We conducted 6 focus groups with Black older adults (age ≥ 55), caregivers, and community leaders (n = 29). The Advisory Committee then selected 5 community-based organizations through a widespread request for proposal. These community-based organizations designed and implemented community-based pilot events to support ACP engagement. Two authors analyzed recorded focus group transcripts using thematic analysis. We assessed pre- vs post-event readiness to engage in ACP (validated ACP Engagement Survey; 1-4 scale, 4 = most ready) using Wilcoxon signed rank tests and assessed event acceptability with open-ended questions. Themes included the importance of ACP to the Black community (sub-themes: strengthens families; preserves dignity, particularly for sexual/gender minorities; is tied to financial planning) and facilitators for increasing ACP engagement (sub-themes: culturally relevant materials; events in trusted community spaces including Black-owned businesses). A total of 114 participants attended 5 events; 74% identified as Black, and 16% as sexual/gender minorities. Readiness to engage in ACP was similar pre- vs post-events; 98% would recommend the events to others. Community-based ACP events designed and led by and for the Black community are highly acceptable. Novel insights underscored the importance of financial planning as part of ACP and the role of Black-owned businesses as trusted spaces for ACP-related discussions.

Background HIV self-testing (HIVST) offers an innovative and promising approach to increasing HIV testing among Black men in the United States, a population disproportionately affected by HIV. However, engaging Black men in traditional HIV prevention programs has been challenging due to stigma, medical mistrust, and limited access to preventive health services. This formative qualitative study aimed to explore the potential of utilizing barbershops as an example of a nontraditional healthcare venue to promote and distribute HIVST. Methods Four virtual focus group discussions (FGDs) consisting of 19 participants in North Carolina were conducted with Black men, including barbershop business owners, barbers, and their customers, to assess perceptions of HIVST and the acceptability of partnering with barbershop businesses to promote HIVST. FGDs were digitally recorded, transcribed, and analyzed using a deductive coding approach to thematic analysis. Results Participants reported that the trusting relationship between barbers and their customers, which may not exist between Black men and health care providers, is a facilitator of collaborating with barbershop businesses to reach Black men for HIVST distribution. Participants recommended providing education for barbers on the use of HIVST, as well as how to inform self-testers about linkage to care following HIVST to build the credibility of the barbers in delivering the intervention. Participants also raised the issue of the cost of HIVST to barbershop customers as a potential barrier to implementation, as well as the possibility that the implementation of such interventions could be seen as out of place in a barbershop business venue. Participants also expressed a strong belief that compensation to barbershops and their employees should accompany any intervention. Conclusion These findings suggest that barbershop business venues may provide an appropriate venue for HIVST promotion and distribution, though factors like cost, training, and incentivization of implementers are necessary to consider in implementation planning. Furthermore, partnerships between public health actors and the business community must be built on equitable engagement to ensure the long-term viability of these critical initiatives.

This Article explores the disharmonious and disturbing influence of race in the enforcement of liquor licenses. Across the length and breadth of this nation, attentive Black revelers bear witness to an all-too-familiar trend signified by the disproportionately frequent closures of Black entertainment businesses. This Article argues that the punitive disposition toward Black entertainment businesses is not just a contemporary phenomenon; rather, it is a set of practices rooted in centuries of exclusion and regulatory abuse. Over the past two centuries, state liquor licensing agencies have emerged as contentious battlegrounds where legal, social, and economic factors converge-often to the detriment of the very businesses they were intended to regulate. Throughout the colonial, post-revolutionary, and antebellum eras, state boards and commissions used liquor license regulations to maintain systems of control and preserve the racialized status quo. Byunveiling these historical and ongoing practices, this Article reconceptualizes how legal reform might rectify the structural obstacles that disproportionately affect Black entertainment businesses.Additionally, this Article challenges the perception of drinking establishments as trivial or controversial by highlighting their significance as profound sites for meaning-making, cultural production, and reclamation. This exploration presents an emic perspective that counters the negative and inaccurate stereotypes often associated with spaces of Black entertainment, leisure, and recreation.

In this reprint of the new introduction to The Myth of Black Capitalism, Earl Ofari Hutchinson reflects on the relevance of his work more than fifty years after its initial publication. Even despite the promotion of wealthy Black individuals as model capitalists and COVID recovery schemes purported to help Black entrepreneurs, \"Little had changed except the desperation of countless numbers of near penniless, distressed Black small business owners.\"

Using confidential microdata from the Characteristics of Business Owners survey, we examine why African American–owned businesses lag substantially behind white‐owned businesses in sales, profits, employment, and survival. Black business owners are much less likely than white owners to have had a self‐employed family member owner prior to starting their business and less likely to have worked in that family member’s business. Using a nonlinear decomposition technique, we find that the lack of prior work experience in a family business among black business owners, perhaps by limiting their acquisition of general and specific business human capital, negatively affects black business outcomes.

PurposeThere are many factors that contribute to a person's career choice. The decision of whether or not to join the family business is certainly most influenced by parents. The aim of this research is to determine how much of an impact parents have on their next-generation family members' (NGFMs) decision to join the family business.Design/methodology/approachFollowing a positivistic paradigm, a cross-sectional design was followed using a quantitative, self-administered questionnaire through a judgemental sampling technique. A structured questionnaire was distributed to South African respondents who have parents who own a family business. The data were analysed using Statistica.FindingsThe results indicate that parental style, culture, self-efficacy and parental identification were found to influence the NGFMs' intention to join the family business significantly. Their decisions can be influenced by several factors, and parents can better manage these aspects by being aware of these influencing factors.Practical implicationsGiven the imminent ageing of a large cohort of senior leaders, this research adds to the body of knowledge by highlighting the necessity for committed, willing and ready next-generation family members (NGFMs) to ensure efficient succession in family businesses. Therefore, effective management is required for succession-planning, particularly from the perspective of the successor.Originality/valueThis study, therefore, responds to calls for more in-depth quantitative studies on family businesses in general and on Black-owned family businesses in South Africa in particular. This study will evaluate the significance of parent influence on NGFMs to join Black family-owned businesses in South Africa. This research will assist family business owners and their families in understanding their children's intentions, designing and evolving an appropriate system to instill necessary traits, skills and attitudes in the children, preparing them for upcoming challenges, adding new perspectives to the family business and ensuring its profitability and long-term growth.

The study employed a community cultural wealth framework and examined the distinct use of cultural capital by Black entrepreneurs. Using qualitative investigation, including interviews with 42 participants, I explored cultural capital utilized by the sample and the role of identity negotiation and maintenance. Findings showcased complex dynamics centered around cultural capital, namely, familial, resistance, and aspirational capital, where Black entrepreneurs relied on community and social support, mentorship, and exercised intentional measures to counter discriminatory practices. Outcomes demonstrated that Black entrepreneurs, despite not being historically afforded generalized types of capital, utilized cultural capital to engage with consumers and showcase their identity, thus elevating their business endeavors.