Small Businesses of Color Matter Too

Keywords

banking regulation, discrimination, economic mobility, equal credit opportunity act, small business development, small susinesses

Abstract

The death of George Floyd while in police custody has ignited long developing and smoldering embers of rage and frustration with systemic inequalities in criminal legal systems.

These systemic inequalities also exist outside of the justice system, where they pervade economic and administrative systems. Regulators and lawmakers should address these inequalities to allow small businesses of color the same opportunities that their white counterparts enjoy. Since most minority-owned businesses are small businesses, lenders’ treatment of these minority-owned small businesses is crucial to ensuring economic justice in the United States—especially in the wake of the COVID-19 pandemic and ensuing recession.

Original Publication Citation

“Small Businesses of Color Matter Too” with Jerome D. Williams, Sterling A. Bone, and Anneliese Lederer (2020), Penn Regulatory Review, October.

Document Type

Peer-Reviewed Article

Publication Date

2020-10-28

Publisher

The Regulatory Review

Language

English

College

Marriott School of Business

Department

Marketing

University Standing at Time of Publication

Associate Professor

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