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Economics

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Calculating Parity of Minority Business Enterprises and the Expansion of the U.S. Economy

Published by: Minority Business Development Agency The Minority Business Development Agency (MBDA) first tackled the question of an opportunity gap approximately twenty years ago and proposed the concept of parity as an approach to answering it. This publication provides the reader with the Agency’s current methodology for calculating entrepreneurial parity which is used to illustrate the gap...
MBDA Research
Economics

The Impact of COVID-19 on Small Business Owners: The First Three Months After Social-Distancing Restrictions

Published by: Robert W. Fairlie, Ph.D. This paper provides the first analysis of impacts of the pandemic on the number of active small businesses in the United States using nationally representative data from the April 2020 CPS – the first month fully capturing early effects. The number of active business owners in the United States plummeted by 3.3 million or 22 percent over the crucial two-month...
External Research
Economics

The Contribution of Minority Business Enterprises to the US Economy

Published by: Minority Business Development Agency The report looks at the current and potential future contributions of employer minority firms and the key underlying drivers in their contribution to the U.S. macroeconomy. By using simple linear trends in the historical and current contributions of employer minority firms to the U.S. economy and projecting these trends forward, a baseline is...
MBDA Research
Economics