Brookings Metro Launches State Of The Art Tech Dashboard to Monitor and Bridge Gaps in Black Business Ownership

According to Brookings' 2020 insights, bolstering the American economy hinges on amplifying investments in Black-owned enterprises. Recently, Brookings Metro's Center for Community Uplift introduced the Black Business Parity Dashboard, a pivotal tool designed to assist policymakers and advocates in harnessing the entrepreneurial potential of Black residents. This platform visualizes the business landscape that could emerge through equitable funding aligned with demographic representation. For instance, Atlanta’s potential growth from 14,000 to 63,000 Black-owned businesses illustrates this concept, while Detroit could see its nearly 2,800 businesses swell to over 23,000, creating approximately 460,000 jobs. Research underscores the racial wealth divide as a barrier to Black business expansion. Experts emphasize that effective spending should be intentionally directed toward these enterprises. Brookings reiterates that addressing the underrepresentation of Black businesses could generate millions of jobs and substantial revenue, advocating for policies that ensure parity in the economic landscape.