June 16, 2017

An entrepreneur. Credit: HAMZA BUTT / Flickr Creative Commons

Back in 1968, President Lyndon Johnson commissioned a report on the state of race in America. The Warren Commission’s ensuing statement: our nation was “moving toward two societies, one black, one white -- separate and unequal.”

Since then, that gap has only increased.

But there are lots of people working on this problem. One of them is Henry Rock. Rock is the founder of City Startup Labs, an incubator for businesses started by young black entrepreneurs. And he thinks the key to closing the wealth gap lies in fostering local small businesses.

Three Takeaways:

More Reading:

  • Check out this report from the consulting firm McKinsey & Company about how diversity can impact a company’s bottom line.
  • CityLab covers the fight for progress in Charlotte and the “New South.”
  • Looking for more great I-Hub segments? Here’s an interview on why there aren’t more minorities in tech.

Henry Rock, Business

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