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FOREIGN OWNED BUSINESSES IN MINORITY NEIGHBORHOODS. WHY?

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First, the geographic limits on many African Americans’ trading partnerships segregate the larger social networks of which African-American business owners are a part. Combined with the segregation of African Americans in other domains of life, such as housing, this means that African Americans are less able to build social capital that provides important economic benefits.


Put another way, while many studies show how a Mexican entrepreneur in Chicago might buy supplies from a cousin in Mexico, my study showed that many Mexican entrepreneurs in Chicago instead bought supplies from a cousin or friend in Los Angeles or Houston.


A highly active social network binds together immigrants in multiple cities and towns within the United States. By virtue of their migration histories, immigrants develop social networks in many places over time, and their co-ethnic networks span locations that are neither local nor international. Therefore, immigrant entrepreneurs are more likely to find suppliers and clients more cheaply and more regularly than their African-American competitors.


There are several implications of extra-localism for research and public policy.


Full Article: http://www.wipsociology.org/2019/08/07/why-some-immigrant-entrepreneurs-thrive-where-african-american-entrepreneurs-cannot/

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