Abstract
Entrepreneurship is often seen as a key driver of economic mobility. Yet, evidence suggests that Black business owners may not be realizing the same benefits of entrepreneurship as their white counterparts. Although Black individuals and immigrants are almost twice as likely to start a business as whites and native-born Americans, (Kollinger & Minniti, 2006; Fairlie, 2012), people of color are less likely to remain self-employed than whites (Ahn, 2011). This study aims to explore differences in the career paths of entrepreneurs of color and identify implications on America’s racial wealth gap.