Why some immigrant entrepreneurs thrive where African American entrepreneurs cannot

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Why some immigrant entrepreneurs thrive where african-american entrepreneurs cannot

Research shows that, in some cases, non-Black suppliers refuse to work with African-American entrepreneurs, non-Black customers feel uncomfortable purchasing goods and services from Black-owned businesses, and banks reject startup loan applications from African Americans because of the false belief that African Americans are more likely to default on their loans.

Read Also: Why Immigrant Children Excel More than US-Born Kids

The data suggests that the children of today’s immigrants from the Dominican Republic, Mexico or Guatemala who grew up in relatively poor families are doing just as well as the children of Norwegian, German and Italian immigrants of the past. Like them, they are more likely than the children of equally poor U.S.-born parents to make it into the middle class or beyond.

Read Also: Why do African immigrants tend to be more successful than African Americans