This document discusses statistics related to black entrepreneurship, education, and investment in the United States. It notes that while black people make up 13% of the population, they only account for 3% of scientists and engineers. Additionally, only 2.2% of masters degrees in electrical engineering go to black students. Regarding entrepreneurship, nearly 1.8 million of the 1.9 million black-owned businesses are sole proprietorships without employees. Access to capital is also an issue, as the average net worth of black households is $5,677 compared to $113,150 for white households, and less than 1% of venture capital funding goes to black founders. The document argues that increasing black entrepreneurship and education in

1. STATE OF BLACK ENTREPRENEURSHIP
Photographer unknown. North Carolina Mutual Life Insurance Company officers. NCMLI was the largest
black-owned insurance company in the world
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2. EDUCATION
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3. Black people, who make up about 13
percent of the U.S. population, account for
only about 3 percent of scientists and
engineers.
National Science Foundation
http://www.nsf.gov/statistics/wmpd/pdf/nsf11309.pdf
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4. In 2006, only 2.2% of Masters degrees in
electrical engineering were awarded to
people who described themselves as
"black, non-Hispanic".
National Science Foundation
http://www.nsf.gov/statistics/wmpd/pdf/nsf11309.pdf
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5. 63 percent of African American students
don't graduate college within six years.
The American Dream 2.0 Report
HCM Strategists
http://www.hcmstrategists.com/americandream20/report/HCM_Gates_Report_1_17_web.pdf
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6. ENTREPRENEURSHIP
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7. As long as you are a consumer, you are a beggar.
You must become a producer.
Camille Cosby
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8. AfricanAmericans,
now facing a
15.8 percent
jobless rate and
declining
household
wealth, lag in
small business
ownership
Bloomberg Businessweek Magazine
Wanted: More Black Entrepreneurs
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9. The US Census counted
1.9 million Black-owned
businesses in 2007, which
produced $137.5 billion in
revenue.
Nearly 1.8 million of those
businesses are sole
proprietors with no
employees.
United States Census
Census Bureau Reports the Number of Black-Owned Businesses Increased at
Triple the National Rate
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10. BLACK SELF-EMPLOYMENT ON THE RISE
The number of selfemployed blacks
grew by 5.7 percent
from 2007 through
2009, in contrast to
the 3.4 decrease
experienced by selfemployed whites.
Bureau of Labor Statistics
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11. About 2 million of
America's estimated 26
million small businesses
are owned by African
Americans. But only
100,000 of these black
businesses have
employees.
Marie Johns
Deputy Administrator
Small Business Administration
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12. IF EVERY BLACK-OWNED
BUSINESS ADDED JUST ONE
EMPLOYEE, THAT WOULD
CREATE 2 MILLION
ADDITIONAL JOBS IN THE
U.S.
Ron Busby, US Black Chamber, Inc.
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13. INVESTMENT
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14. Access to capital is particularly important for
African American entrepreneurs, because the
lack of household wealth in the black
community makes it harder for them to invest
their own money in a startup or obtain funding
from family members and friends.
5 Ways to Help Black Entrepreneurs Close the Wealth Gap
Biz Journals
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15. Average Net Worth (2009)
$120,000
$100,000
$80,000
Black
$60,000
Latino
$40,000
White
$20,000
$0
Black
Latino
White
The average African American household has a net worth of
$5,677 compared with $113,150 for the average white
household.
Pew Research
Wealth Gaps Rise to Record Highs Between Whites, Blacks, Hispanics
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16. Fewer than 1
percent of venture
capital-backed
tech companies in
California were
founded by AfricanAmericans.
CB Insights
Venture Capital Human Capital Report
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17. Internet startups whose
founders were black
received a median of
$1.3 million in venture
financing in 2010…
Compared with $2.3
million for companies
founded by whites and
$4 million for those
founded by Asians
CB Insights
Venture Capital Human Capital Report
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18. WHY DOES BLACK
ENTREPRENEURSHIP
MATTER?
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19. Photo credit: Flickr danieldoan
STEM EDUCATION
DECREASES UNEMPLOYMENT
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20. THE MORE STARTUPS WE CREATE
THE MORE JOBS WE CREATE
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