This study compares the performance of small businesses formed between 1976 and 1982 by three groups: 1) Asian males, 2) black males, and 3) nonminority males. Self-employed Asians are outperforming nonminorities and blacks. A subset of black-owned firms---small scale ghetto-oriented operations---is shown to be laggard. Weak internal markets, commercial bank redlining, and loss of entrepreneurial talent are factors in undermining the inner city black business community. Successful black-owned firms are increasingly removed from the ghetto and from serving a minority clientele.
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