5 Black-led Kickstarters that deserve your money

Millions of Americans have answered the call to support small businesses in the wake of pandemic-related unprecedented closings, delayed shipping, and discouragement of in-person shopping and dining. Black-owned small businesses were hit particularly hard, but this isn’t the first time they’ve experienced stacked odds when it comes to entrepreneurial endeavors.

The systemic racial wealth gap doesn’t only describe the heavily mismatched salaries between Black employees and their white counterparts, or the huge disparity in family wealth that comes from centuries of oppression. It also refers to the disproportionate difficulties the Black community faces when it comes receiving loans needed to cover anything from marketing consultations to production costs. A 2017 report from the US Federal Reserve found that Black-owned firms are twice as likely to be turned down for a loan compared to white-owned firms. Read more…

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