MinorityOwned
The Trump administration has initiated actions to dismantle programs designed to address systemic racism and economic exclusion, impacting minority- and women-owned businesses. These moves threaten billions of dollars in funding and potentially tens of thousands of jobs. The administration’s policies are drawing criticism from advocates who argue they will disproportionately harm historically disadvantaged communities. Disadvantaged […]
A recent LendingTree analysis highlights persistent disparities in small business financing. Black-owned businesses experienced the highest rejection rates for loans, lines of credit, and merchant cash advances in 2024, while Hispanic-owned businesses also faced significantly higher denial rates compared to white-owned businesses. Financing Rejection Rates by Business Ownership The LendingTree analysis found that 39% of […]
The Trump administration has taken steps to dismantle programs designed to address systemic racism and economic exclusion, impacting minority- and women-owned businesses. These actions target initiatives intended to level the playing field for historically disadvantaged entrepreneurs. Disadvantaged Business Enterprise (DBE) Program The Justice Department under the Trump administration filed to end the Disadvantaged Business Enterprise […]
Pennsylvania values small business owners from all backgrounds. Resources are available to support minority-owned businesses in building a strong future for themselves, their families, and their communities. The following outlines key resources for minority business owners throughout the commonwealth. Pennsylvania Business One-Stop Shop The Pennsylvania Business One-Stop Shop serves as a central point for individuals […]
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