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Minority and women business owners expect a boom in 2025

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A study released in partnership with Bank of America revealed that most minority and women-owned businesses anticipate a spike in revenue and growth over the next 12 months. The study conducted before the November election shows that 84% of Black/African Americans,
The article from MSN Money discusses the anticipated economic boom for minority and women-owned businesses in 2025. It highlights that these business owners are optimistic about future growth due to several factors including increased access to capital, supportive legislation, and a growing consumer base that values diversity. The piece mentions that initiatives like the Minority Business Development Agency (MBDA) and programs aimed at providing financial support and resources are playing a significant role. Additionally, there's a noted shift in consumer behavior towards supporting businesses that reflect their values, which includes diversity and inclusion. The article also touches on the challenges these entrepreneurs face, such as systemic barriers and the need for more inclusive economic policies, but overall, the outlook is positive with expectations of significant economic contributions from these demographics in the coming year.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/minority-and-women-business-owners-expect-a-boom-in-2025/ar-AA1w5OEY ]