The best option for communities is to help local entrepreneurs build mid-sized businesses and develop growth ventures that export from the area and import wealth. According to The Brookings Institution, in the Indianapolis Metro Area 915 Black businesses account for 3% of employer businesses. If Black companies accounted for 17.1% of employer firms (equivalent to the Black population), there would be 5,996 more Black businesses. Black businesses create an average of 14 jobs per firm, compared to 27 for all businesses. If the average number of employees per Black business reached parity, it would create approximately 11,162 new jobs. Black companies pay their employees an average of $30,795, compared to $51,013 for all businesses. If Black businesses paid this much, those employees would see an increase in total pay by approximately $264,915,232. #letsbuild Akilah Darden, MBA LEED AP🌟 Wayne Patrick Rose Scovel, AICP Christina Snorten Peggy McClelland Jason R. Hunter Robert Shegog Drew Kincius Ronda Taylor, PhD Gary Brackett Indy Black Chamber of Commerce Dr. David Hampton David Fredricks Sunny Lu Williams Dr. Toby Malichi, Hon.D.Bus., D.H.L. (The Global Godfather) J Blake Roebuck David Watkins Marshawn Wolley, CDE, CFRE, CFMP Dileep Rao, Ph.D. Akunor Azu
As minority businesses grow in Central Indiana, one local business leader is looking to a future filled with more access and opportunity for entrepreneurs of color.
Emil: Good to see you following my advice.
Jay S.
9mo
Keep pushing Emil!
God, family, art, culture & community.
9moWe are laser focused on this work! The Central Indiana region is primed for it and will be much better off in the long run as a result of it. "A rising tide lifts all boats."