The Racial Wealth Gap: Narrowing the Racial Wealth Gap Through Business Ownership - CLEO Skip to main content


This brief focuses specifically on business owners and the racial wealth gap as related to African Americans and Latinos. As a group, Asian Americans face a smaller and narrowing wealth gap, and hold business and financial wealth at the same level as Whites. Native Americans face substantial challenges in creating income and wealth, but the distinct challenges regarding business ownership in Native and reservation communities merits a separate discussion. Despite the focus of this brief, many of the recommendations it presents could also benefit Asian Americans and Native Americans seeking to create and grow businesses.