Historically Black Colleges and Universities (HBCUs) as Agents of Change for The Development of Minority Businesses

Abstract

This article attempts to make a wake-up call to Historically Black Colleges and Universities (HBCUs) to respond to the plight of minority business owners while also fulfilling their role of educating students. Although the state of minority businesses was much better than what the public is made to believe, however, these businesses continue to face challenges. Aside from the traditional problem of limited capital resources many challenges have ensued from the economic, social, and political changes in our society today. As long as the current political and economic climates persist, leading to a negative impact on the economies of minority population, institutions of higher learning, particularly HBCUs, have a unique opportunity to be the catalyst of change in the development and promotion of minority businesses.