A new study from Tulane University finds deep disparities in the opportunities available to non-white entrepreneurs trying to start businesses in the greater New Orleans area.
The annual survey of New Orleans’ start-up businesses by Tulane’s A.B. Freeman School of Business, published on Monday, found that firms owned by Black, Indigenous and People of Color (BIPOC) entrepreneurs are only half as likely as white-owned firms to receive debt financing via traditional bank loans.
They also receive equity investments less than half as often in the earliest round, the report found. Read more.