State of Black Business

Page 20

Expanding Opportunities The State of Black Arizona

gaps will provide expanded

success of Black ownership/

is committed to expanding

opportunities that will grow

businesses. Phoenix and Tucson

opportunities for Black

Arizona’s economy as a whole.

metro areas should analyze and emulate successful programs in

entrepreneurs and businesses. The nonprofit organization, established

17

• Leverage research or conduct

in 2015 to increase awareness of

a study on the viability and

an underrepresented community,

retention of Black-owned

recognizes that the right business

businesses: Identify the

ecosystem can mitigate or negate

challenges, needs, trends,

the effects of structural obstacles

and opportunities for African

facing black business owners. That

American entrepreneurs

requires changes in thinking and

and business owners. The

institutional practices to address

study should work to identify

inequalities in business ownership

systemic barriers to capital and

revealed by data. Closing disparity

opportunities that impact the

other regions to aid underserved businesses and communities. • Leverage regional connections to drive internal and external investment: The local startup community would benefit from coordinated efforts at promoting Phoenix and Tucson metro area startup scene and targeted attraction of out-of-state


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State of Black Business by Greater Phoenix Economic Council - Issuu