The number of Black-owned firms is increasing, but growth in revenue and access to capital is not keeping pace. Contracts and access to capital remain significant obstacles for these businesses.

Business owners view these challenges as a combination of factors that vary depending on the stage of their business. Limited access to venture capital is a particular issue, according to Margo Jordan, founder and CEO of Enrichly, a pediatric behavioral health platform.

Further details on the challenges faced by Black entrepreneurs and the factors contributing to these obstacles are available from the Defender Network.