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So, Kimberly, a recent McKinsey study on the racial wealth gap found that many of the entrepreneurs that CDFIs work with are not only owned by people of color, but they’re also micro-businesses with under five employees. What makes it harder for them to get the funding they need?
A:
One of the biggest barriers that Black-owned businesses and other minority-owned businesses have is a lack of generational wealth. Often these entrepreneurs are having to self-fund these...
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