Happy Pride Month! Learn more about LGBTQ+ business ownership.

Answer: 6%

Questions:

• If you were starting a small business, how would your identity, background, or values shape what you'd create or how you'd run it?
• Why do you think LGBTQ+ ownership rates are higher among new businesses and young business owners?
• How might diverse business ownership, including LGBTQ+ ownership, benefit local communities and the broader economy?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (FED Small Business, Gusto)

"The Small Business Credit Survey (SBCS) finds that approximately 6 percent of small employer businesses are at least partially owned by somebody who identifies as a member of the LGBTQ community, and the survey finds the experiences of these firms differ in some ways from the experiences of other firms. 

Along with the owner’s LGBTQ status, the SBCS collects other demographic characteristics of businesses’ owners, such as their age. Analyzing owner demographics in conjunction with firm demographics like industry provides a richer understanding of small business conditions."

About the Author

Kathryn Dawson

Kathryn (she/her) is excited to join the NGPF team after 9 years of experience in education as a mentor, tutor, and special education teacher. She is a graduate of Cornell University with a degree in policy analysis and management and has a master's degree in education from Brooklyn College. Kathryn is looking forward to bringing her passion for accessibility and educational justice into curriculum design at NGPF. During her free time, Kathryn loves embarking on cooking projects, walking around her Seattle neighborhood with her dog, or lounging in a hammock with a book.

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