Given the population gains of the last 20 years and the demographic projections of the next decade, it has become apparent that wealth and job creation for people of color are no longer a matter of consideration but one of national security. While many American ethnic minority-, women-, veteran-, and LGBT - (heretofore referenced as "minority") owned businesses have achieved impressive economic growth, most businesses owned by people of color have been non participants.
Historically, commerce has been viewed as an opportunity for all citizens to gain economic stability. Although the results of minority-owned businesses for the past twenty years has been positive, the metrics have fallen far short of the desired job growth for urban communities that currently experience more than 50% unemployment.
Additionally, examination of the past decade provides evidence that minority-owned businesses and non minority-owned businesses are on two separate tracks of action. Many non minority-owned businesses are driven by innovation and discovery, while most minority-owned businesses are focused on providing services and products that have already been discovered.