Inclusive Ventures: Navigating Entrepreneurial Ecosystems & Economic Policies for Black and Minority Entrepreneurs

A special issue of Administrative Sciences (ISSN 2076-3387).

Deadline for manuscript submissions: 31 March 2025 | Viewed by 1162

Special Issue Editor


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Guest Editor
Department of Management, School of Business, Howard University, Washington, DC 20059, USA
Interests: entrepreneurship issues in black- and minority-owned ventures; challenges within black entrepreneurship ecosystems; macro-economic issues in the U.S. economy; entrepreneurial opportunity recognition

Special Issue Information

Dear Colleagues,

Black and minority households in the U.S. trail the national average and White households when it comes to economic factors such as employment, income, and wealth.  A significant issue that contributes to these disparities is lower rates of new venture creation and successful business ownership within Black and minority communities.  While research has sought to explain this underperformance, no consensus has been reached. Moreover, the role of systemic racism remains underexplored.  Utilizing an entrepreneurial ecosystem framework, and a systemic racism theory lens, Singh and Nurse (2024) more specifically discussed challenges faced by Black entrepreneurs and presented a model illustrating the issues.  They argued that structural and institutional racism has resulted in lower access to inter-connected resources within Black entrepreneurial ecosystems which has hindered new venture creation and productive entrepreneurship.  Similar issues impact other minority groups in the U.S. Improving Black and minority entrepreneurship could help reduce the racial economic gaps and understanding the reasons for diminished new venture creation within these communities is vital for the development of effective public policy solutions.  

The aim of this Special Issue is to further explore challenges within Black and minority entrepreneurial ecosystems in order to better understand the scope and breadth of the issues facing these entrepreneurs and their communities that hinder successful Black and minority new venture creation.  Moreover, the issue is aimed at addressing:

The general trends in diminished rates of Black and minority entrepreneurship.

  • The role and importance of Black and minority entrepreneurship to addressing racial wealth gaps in the U.S.
  • Systemic, structural, organizational, institutional, cultural and societal obstacles related to entrepreneurial ecosystems that hinder Black and minority new venture creation.
  • Needed changes and potential solutions through new and unique public policies to address the diminished rates of Black and minority entrepreneurship.

Besides these proposed topics, we encourage other topics that review and question the existing research and practice on the issues surrounding Black and minorityentrepreneurship.  Both review and research papers using various methodological approaches are welcomed.  

Reference

Singh, R. P. & Nurse, S. (2024).  Addressing the racial wealth gap and structural racism through increased black entrepreneurship:  An entrepreneurial ecosystem perspective. The Review of Black Political Economy.  0(0). https://doi.org/10.1177/00346446231226402

Please feel free to contact the Guest Editor ([email protected]) if you have any questions.

We look forward to your valuable submissions and input on this important subject.

Dr. Robert P. Singh
Guest Editor

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Keywords

  • black and minority entrepreneurship
  • entrepreneurial ecosystems
  • racial economic disparity
  • social and economic justice
  • structural racism
  • diversity, equity and inclusion (DEI)

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Published Papers (2 papers)

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Research

14 pages, 434 KiB  
Article
Unveiling the Power of Race and Education in Shaping Entrepreneurial Dreams: An Empirical Study in Florida
by Donovan Collier and Ravi Chinta
Adm. Sci. 2025, 15(1), 27; https://doi.org/10.3390/admsci15010027 - 15 Jan 2025
Viewed by 384
Abstract
This study investigates the main effects and the interaction effects of race and education on entrepreneurial intentions in the pre-startup phase, using logistic regression analysis on a sample of 967 respondents from Florida. Blacks and Other Nonwhites are compared to Whites in the [...] Read more.
This study investigates the main effects and the interaction effects of race and education on entrepreneurial intentions in the pre-startup phase, using logistic regression analysis on a sample of 967 respondents from Florida. Blacks and Other Nonwhites are compared to Whites in the logistic regression analysis. As the largest empirical study of its kind at the state level in the U.S., it addresses a gap in the literature by focusing on a narrowly defined geographic area. The findings reveal significant differences in entrepreneurial intentions among racial groups, with education playing a crucial role. Policy implications include the need for tailored support programs and inclusive financial products to foster a more equitable entrepreneurial ecosystem. This study underscores the importance of entrepreneurial education and highlights the necessity for ongoing research to understand the unique challenges faced by Nonwhite entrepreneurs, ultimately contributing to a more inclusive and dynamic economy. Full article
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16 pages, 842 KiB  
Article
Timid Inaction in Nascent Entrepreneurship: Evidence from the State of Florida
by Donovan Collier, Ravi Chinta and Daewoo Park
Adm. Sci. 2025, 15(1), 7; https://doi.org/10.3390/admsci15010007 - 25 Dec 2024
Viewed by 409
Abstract
Though significant research has been conducted on the subject of entrepreneurship, comparatively little empirical research has been done on factors that influence nascent entrepreneurship. Focused on nascent entrepreneurship or pre- startup stages, this study empirically examines the relationship between one’s self-confidence in starting [...] Read more.
Though significant research has been conducted on the subject of entrepreneurship, comparatively little empirical research has been done on factors that influence nascent entrepreneurship. Focused on nascent entrepreneurship or pre- startup stages, this study empirically examines the relationship between one’s self-confidence in starting a new business and entrepreneurial intentions. Additionally, the mediating and moderating effects of perceived barriers to entrepreneurship are tested in this study. The research is based on primary data from the largest survey (sample size of 1245) ever done in the state of Florida on nascent entrepreneurship. Data analyses utilize the Andrew Hayes macro, an addition to the SPSS regression analyses, to test the mediating effects of perceived barriers. Results show a statistically significant and positive effect of self-efficacy on entrepreneurial intentions. Perceived barriers to entrepreneurship have a mediating effect that weakens the impact of self-efficacy on entrepreneurial intentions. At very high levels of perceived barriers, the promoting effect of self-efficacy on entrepreneurial intentions disappears completely. This is empirical proof for the inhibiting nature of perceived barriers in entrepreneurship. The paper concludes with several implications and limitations of the study. Full article
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