According to the U.S. Census Bureau, non-white populations account for nearly 40% of the adult population in 2020, and are growing faster than the country’s non-Hispanic white population. The census predicts that the U.S. will become a “minority white” population by 2045. Much like our communities, the small business landscape is becoming increasingly diverse. Despite this phenomenon, few government contracts are awarded to minority and women-owned business enterprises (M/WBEs).
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