For African-American entrepreneurs, hustle, ingenuity, faith, and luck trump fear and pessimism, said Lyneir Richardson in Black Press USA

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Date: 
Monday, January 16, 2017
Location: 
Newark, NJ

Black Press USA

Despite a plethora of economic and social challenges, African-Americans remain among the most optimistic consumer groups in the nation's economy.

A recent report by the market research firm, Packaged Facts, revealed that nearly half (47 percent) of African-Americans believe they will be better off financially 12 months from now.

"I work with African-American entrepreneurs each day who believe that they can create opportunity and generate profit. Words like hustle, ingenuity, faith, and luck almost always trump fear and pessimism," said Lyneir Richardson, the director of the Center for Urban Entrepreneurship and Economic Development, a research and practitioner-oriented center at Rutgers Business School in Newark, New Jersey.

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TAGS: Lyneir Richardson Small Business Development The Center for Urban Entrepreneurship and Economic Development