‘[tweetmeme source=”RoseA_smallbiz” only_single=false]’ Over at MercuryNews.Com, I found this article about racial barriers for business.  It is actually a group which discusses racial barriers to small business success.

 

Small businesses still face significant racial, ethnic and gender disparities. And Santa Cruz is not immune to these trends.

A group of local panelists, including Mayor Ryan Coonerty, led a discussion about these issues before an audience of students, UC Santa Cruz professors and small business owners at the University Inn and Conference Center on Thursday night.

“The future of Santa Cruz depends on small business,” Coonerty said.

UCSC professor of economics Robert Fairlie led the discussion with his study about business-ownership disparities in the United States. The other panelists included Teresa Thomae, director of the Central Coast Small Business Development Center, and Carmen Herrera-Mansir, executive director of El Pajaro Community Development Corp.

Fairlie spoke of closing the gap of success between white- and minority-owned businesses, especially given the state of the economy. His study found large differences in business performance based on race. Average sales for white-owned businesses were $440,000, compared with $292,000 for Asians, $141,000 for Latinos and $74,000 for blacks.

Two major factors contributing to the disparities, he found, were education level and startup capital.

Well, you can read more about this article over at MercuryNews.Com!