We use confidential and restricted-access data from the Kauffman Firm Survey and matched administrative data on credit scores to explore racial disparities in access to capital for new business ventures. The novel results on racial inequality in startup financing indicate that black-owned...

We use confidential and restricted-access data from the Kauffman Firm Survey and matched administrative data on credit scores to explore racial disparities in access to capital for new business ventures. The novel results on racial inequality in startup financing indicate that black-owned...

Although minority and immigrant entrepreneurs in the U.S. have clearly chosen to concentrate in highly competitive low-profit retail and service lines of business clustered geographically in urban minority neighborhoods, their reasons for doing so are unclear. We investigate their motivations by...