November 06, 2004

Howard University Enterprising Black Students

From The Washington Post (Registration required):


Over the years, there have been lots of explanations for this relative lack of entrepreneurial success -- a shortage of capital within the black community, outright discrimination by banks and franchisers, finding more models of success in government, the professions and sports. Others point to the fact that other minority groups are made up largely of immigrants who, by definition, are a self-selected group of risk-takers.

But a recent study, also funded by Kauffman, puts the lie to the notion that blacks don't even think of starting their own businesses. At any given time, a significantly greater percentage of blacks than either whites or Hispanics is attempting to start a business. And this difference widens further among those in middle age, in upper-income brackets or with advanced degrees. Among black males with graduate degrees, for example, the "nascent entrepreneur" rate was 25 percent, compared with 11 percent for whites.

Posted by at November 6, 2004 01:15 PM | TrackBack

THESE young Blacks are likely the ones who voted for Bush. Barely 10% of the total Black vote, but W sought them out and they believed him.

Were they duped? I don't think so; I think they struck a fair bargain and will see fair reward.

Posted by: True_Liberal at November 6, 2004 07:34 PM

an interesting move. from a hypothesis (that young black entrepeneurs voted for bush) to not just one fact but two (Bush recruited young black entrepreneurial voters and they actually DID vote for him).

interesting. but there is no data to support either your supposition or your "facts."

at every point in time entrepreneurial black folk tend to support the candidate that a majority of black people prefer.

Posted by: Lester Spence at November 7, 2004 02:39 AM