Anti-DEI Policies Threaten Momentum of Black-Owned Businesses Despite Record Growth

Black-owned businesses have made historic gains—growing 57% in number and increasing revenue by 66% from 2017 to 2022, according to Pew Research. But this momentum is now at risk. Recent anti-DEI (Diversity, Equity, and Inclusion) rollbacks, including federal executive orders, are dismantling vital support systems that helped drive this progress. Despite the surge, Black entrepreneurs remain underrepresented—owning just 3% of firms and generating only 1% of total business revenues, even though Black Americans comprise 14% of the population. With over 20% of Black adults viewing business ownership as central to financial success, the stakes are high. These policy shifts don’t just slow progress—they threaten livelihoods. Supporting inclusive economic policies is not just about equity—it’s about sustaining a thriving, diverse economy for all.