Minority business enterprises (MBE) often lack access to a robust ecosystem of capital and business resources because of long-standing structural barriers to starting and growing a business.
The COVID-19 pandemic has worsened these issues and further widened the racial wealth gap.
According to a recent report shared by McKinsey’s Institute for Black Economic Mobility, raising awareness and increasing investment in Black-owned businesses could add $290 billion in business equity in the United States.
McKinsey Inclusive Business Accelerator’s mission is to advance racial equity and inclusive economic empowerment. We currently focus on supporting Black business leaders and medium-sized Black-owned businesses.