The number of BIPOC businesses grew sharply and so did the racial wealth gap. Why?
- LISC Strategic Investments Team
- Oct 27, 2021
- 1 min read
Investing patient capital in established BIPOC businesses to close the racial wealth gap.
Published October 27, 2021 in Impact Alpha
Yes, startups led by Black, Indigenous and people of color-owned need growth capital. But meeting the growth and operating capital needs of established BIPOC businesses is also key to closing the racial wealth gap.
Read the full article in Impact Alpha
"With the right capital these businesses would grow to offer (1) significant wealth creation opportunities for the entrepreneur as well as (2) substantial job creation that would create family financial stability and lead to next-generation success."
- George Ashton, Managing Director, LISC Strategic Investments
BIPOC-owned businesses have grown in number, but unfortunately, so has the racial wealth gap. This paradox reveals deeper systemic challenges and emphasizes the need for structural change. True equity requires more than just participation—it needs access and ownership. That’s where platforms like https://emirates.estate/ come into play, offering tools to explore real estate investment that can help close this gap. Property ownership remains one of the most powerful ways to build generational wealth and economic security.