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Black-owned businesses are becoming more important to blacks since they provide employment opportunities to them because black individual unemployment is twice white unemployment (Ong, P. M., & Loukaitou-Sideris. 170). Black businesses are majorly located in the business neighborhoods thus serving a crucial role in economic development. However, despite the efforts and the marvelous contributions of the black business owners the racial system has disadvantaged the black business from accessing loans and entering the market the same way as white enterprises.

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