Guest commentary: Black business ownership and bridging the wealth gap | Pacific Coast Business Times

By Guest commentary Friday, March 8th, 2024 By Gilbert McAllister The persistent wealth gap in the United States disproportionately affects Black and African American communities, where systemic barriers like limited access to capital and unequal opportunities hinder economic mobility and wealth creation.  However, African American entrepreneurship offers a pathway toward individual and community empowerment. Central Coast Minority Enterprise Resource Affiliates (CCMERA), an organization dedicated to supporting underserved communities, provides aspiring entrepreneurs with resources like tailored education, funding, and mentorship.  Their mission is to ignite economic development, create jobs, and help individuals transform their dreams into thriving businesses.  Through programs and initiatives, they equip individuals with the knowledge and skills to overcome systemic barriers, fostering self-reliance and vibrant communities. CCMERA champions the idea that entrepreneurship and business ownership are key to reducing the wealth disparity.  They focus on uplifting businesses led by Black, African American, and other marginalized groups, helping to unlock their potential and stimulate  economic progress in these communities.  Through initiatives like community development financial institutions (CDFIs), minority business development agencies, and microfinance programs, CCMERA provides essential funding and technical support to these entrepreneurs. The organization is committed to bridging the economic divide and fostering a more equitable future...