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The Business Corner: It’s Black History Month – we need larger minority contracts to reduce racial wealth gap – Metro Philadelphia

Posted on AllSides February 18th, 2024
From The Left

Sign up for our Daily Email newsletter to stay up-to-date on the latest local news throughout Philadelphia. For this special edition of The Business Corner, we are looking closely at how increasing the size of minority contracts would reduce the racial wealth gap. As African-Americans, or Black, individuals and families, we have made some strides to increasing wealth in the recent years, but the racial wealth gap continues to increase, according to a report from the Brookings Institute. According to that research, median Black wealth increased from $27,970 to $44,890...

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