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Reports

BDM covers reports from credible Black organizations about the state of entrepreneurship in Canada and the U.S.

Black women propel entrepreneurial growth, closing gender gap, says GoDaddy's Venture Forward Report

Black women propel entrepreneurial growth, closing gender gap, says GoDaddy's Venture Forward Report

The study reveals a doubling of Black women-led businesses since August 2019, constituting 10 per cent of the entrepreneurs surveyed. Moreover, it represents a significant 70 per cent increase in Black women-owned businesses compared to the pre-pandemic period.

Entrepreneurship opening up to diverse founders in the U.S. post-pandemic: report

Entrepreneurship opening up to diverse founders in the U.S. post-pandemic: report

The Gusto study suggests that inflation and economic uncertainty have been drivers toward entrepreneurship as a career path for Black business owners and other groups.

Black-owned firms awarded $217M in Massachusetts state contracts in 2022, up $50M from 2021: report

Black-owned firms awarded $217M in Massachusetts state contracts in 2022, up $50M from 2021: report

The report highlights data from the state’s Supplier Diversity Office, which shows that Black-owned firms received $133 million in subcontracting services from white contractors working on state projects.

Public Policy Forum report suggests Atlantic Canada is poised for economic growth

Public Policy Forum report suggests Atlantic Canada is poised for economic growth

Significant improvement in 16 of 20 economic indicators between 2008 and 2022 may persuade more Black entrepreneurs to set up shop or relocate out east.

Women-owned businesses on the rise in Canada, a Women Entrepreneurship Knowledge Hub report suggests

Women-owned businesses on the rise in Canada, a Women Entrepreneurship Knowledge Hub report suggests

A report from the WEKH suggests that 18 per cent of small and medium-sized businesses are majority owned by women in Canada.

#IWD2023: Women of colour entrepreneurs have raised almost $10B in venture capital

#IWD2023: Women of colour entrepreneurs have raised almost $10B in venture capital

While Black and Latina founders reached a combined share of one percent in venture capital funding, the number dipped in 2022.

Report: $106B in business revenue could be unshackled if stakeholders remove barriers for Black real estate developers

Report: $106B in business revenue could be unshackled if stakeholders remove barriers for Black real estate developers

The report, “Breaking the Glass Bottleneck: The Economic Potential of Black and Hispanic Real Estate Developers and the Constraints They Face,” was published by Grove Impact and the Initiative for a Competitive Inner City (ICIC).

KPMG survey highlights need for organizations to partner with Black-owned businesses and vendors

KPMG survey highlights need for organizations to partner with Black-owned businesses and vendors

A recent KPMG survey suggests that 86 per cent of the 1,001 Black Canadians polled want more engagement and to contract with more Black-owned businesses and vendors.

National reports suggest Black business owners are less profitable than other groups

National reports suggest Black business owners are less profitable than other groups

Recent reports from StatsCan and the Pew Research Center suggest that Black businesses tend to have smaller payrolls and underperform financially.

Business confidence drops to record low in Ontario: Chamber report

Business confidence drops to record low in Ontario: Chamber report

Just 16 per cent of the more than 1,900 businesses surveyed were confident in Ontario’s economic outlook. That is down from 29 per cent of those polled in fall 2021 and 21 per cent in fall 2020.

15% of Black businesses in U.S. chose fintech industry to launch startups: report

15% of Black businesses in U.S. chose fintech industry to launch startups: report

Companies like Chipper Cash, Goalsetter, Esusu Financial, and Goodr, were among the highlighted brands thriving in the sector.

Report spotlights challenges Black entrepreneurs face in Alberta

Report spotlights challenges Black entrepreneurs face in Alberta

“From our own personal savings that we used... we depleted everything,” says an entrepreneur who detailed their experience in the report.