Ross: Increasing Black-owned businesses might take some collateral A lot of the drama over racial disparity would end if there were some way to close the wealth gap between business owners who are mostly white and owners who are not.
Black Owned Business sign in local storefront window, MisFits Nutrition, Queens, New York. A lot of the drama over racial disparity would end if there were some way to close the wealth gap between business owners who are mostly white and owners who are not., who is black and also a successful investor and member of the Forbes Finance Council. He loans money to growing businesses, and he’s seen the data that only 1% of all venture capital goes to businesses owned by Black people.
He’s saying that banks need to realize that when they see a hard-charging but low-collateral Black person like Lee Henderson, it is smart to look beyond the traditional rules.
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