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Examining the Fragmented Data on Black Entrepreneurship in North America
The data surrounding Black entrepreneurship in the United States and Canada is fragmented. This means that it is difficult to assess the number of Black-owned businesses and their economic impact accurately. To make sure that we are able to get an accurate picture of the state of Black entrepreneurship in these two countries, it is essential to find ways to standardize data collection and assessment.
Despite the significant contributions of Black entrepreneurs and business owners, there is a lack of reliable data for assessing their economic and financial impact. The existing information is often inconsistent, misinterpreted, or incomplete. This blog post will examine the current state of Black entrepreneurship in North America, identify where there are gaps in the available data, and propose some methods to standardize measures and assessments.
The existing data on Black entrepreneurship in North America is fragmented across different sources. To begin with, there is no common definition or classification system used to measure Black-owned businesses. In addition, many studies rely on self-reported data which can be unreliable due to issues such as survey fatigue or respondent bias. Moreover, most of the available statistics are focused on businesses owned by African Americans rather than other ethnicities that comprise the broad category of “Black” such as Afro-Caribbeans or Afro-Latinos. Consequently, there is a need for more comprehensive data that includes all ethno-racial groups within this category.
In addition, access to capital remains a major barrier for Black entrepreneurs which further complicates our understanding of these businesses. Financing options are limited due to systemic racism and discrimination that have prevented many from obtaining traditional loans from banks or other private lenders. Therefore it is important to consider alternative financing sources when analyzing the financial health of these businesses.
Data Collection Challenges
Collecting accurate data on Black entrepreneurship can be challenging due to a lack of reliable sources. Many government agencies collect data on businesses by size, industry sector, ownership type, or geographic location; however, these categories often do not provide enough information about the demographics of business owners or their employees. Furthermore, some agencies may not collect any demographic information at all. As a result, there is no single source of comprehensive and consistent information on Black entrepreneurs in either country.
The Need for Standardized Data Collection
In order to assess the impact that Black entrepreneurs have on their communities and economies, it is necessary to be able to access accurate data regarding their presence. Unfortunately, currently available data does not provide a comprehensive view of this information. It is therefore important for policy makers, government officials, entrepreneurs, students, and other relevant stakeholders to work together to find solutions that will allow us to collect accurate data on Black-owned businesses across the two countries.
To standardize measures and assessments of Black entrepreneurship, it is essential to develop a unified definition and classification system across jurisdictions as well as consistent methods for collecting data. It should also include specific questions about race/ethnicity that allow researchers to collect more detailed information about each group’s particular needs and challenges. Furthermore, reliable baseline data should be collected regularly so that progress can be tracked over time. Finally, it will be important to focus not only on traditional sources of financing but also alternative funding options such as crowdfunding platforms or angel investors who may provide more accessible financing options for some entrepreneurs.
Methods for Standardizing Data Collection
One way that we can begin standardizing data collection on Black-owned businesses is by creating a unified database of business owners that includes information such as location, industry type, number of employees, annual revenue, etc. This would make it easier for researchers and policy makers to assess the economic impact of these businesses with more accuracy than is currently possible with fragmented data sources. Additionally, conducting surveys and interviews with business owners can also help us better understand how they operate their businesses and what challenges they face when trying to grow their companies.
Another method that could be used is by increasing access to capital for these entrepreneurs through public-private partnerships or other initiatives focused on providing them with the resources they need in order to grow their businesses. This could include grants or low interest loans which would give them more financial stability and enable them to expand their operations or hire additional employees if needed. Finally, implementing education programs specifically designed for aspiring Black entrepreneurs could also help bridge some of the gaps in knowledge that many start up founders may have when starting a business.
In conclusion, we must recognize the importance of reliable data when assessing the economic impact of Black entrepreneurship in North America as well as identifying opportunities for growth and improvement within this sector. While there are still gaps in our knowledge about this subject matter, standardized measures and assessments can help us fill those gaps and gain a better understanding of how best to support these businesses going forward. With better access to capital and resources tailored specifically towards their needs, we can ensure that Black entrepreneurs continue making valuable contributions to our economies both now and into the future.
There are numerous methods available for standardizing measures and assessments of Black entrepreneurship across North America. By working together collaboratively between various stakeholders such as policy makers, government officials, entrepreneurs themselves, students, etc., we can take steps towards reconciling the fragmented data on this subject matter so that we can gain a better understanding of its impact in our society today. With more accurate information at our disposal we will be better equipped to develop meaningful solutions aimed at empowering black entrepreneurs in these two countries moving forward.
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112. When you vote on election day, what do you do?
Go to the voting station, tell them who you are and mark your X. Give the ballot back to the attendant.
Go to the voting station, remove 1 ballot and after marking your X deposit it in the ballot box.
Go to the voting station, take your voter’s card with proof if identity, highlight your choice on the ballot and deposit it in the box.
Go to the voting station with your voter’s card and ID, mark an X next to your chosen candidate, fold the ballot and present it to the poll officials who will tear off the ballot number and give you the ballot to deposit in the box
[41- 1: Conservative (Poilievre), NDP (Singh), Liberal (Trudeau), Bloc Quebecois (Blanchet), Green Party (May)] Back to top
[42- 4: Obeying the law, taking responsibility for oneself and one’s family, helping others in the community, voting in elections, serving on a jury, protecting and enjoying our heritage and environment.] Back to top
[43- 3: Atlantic, Central, Prairie, West Coast, and North] Back to top
[44- 2: Mobility rights, Multiculturalism, and Aboriginal Peoples’ rights.] Back to top
[45-1: Freedom of conscience and religion, and Freedom of association.] Back to top
[46- 3: Canadian Charter of Rights and Freedoms and Magna Carta (the Great Charter of Freedoms). ] Back to top
[47- 2: National defence and foreign policy. ] Back to top
[111- 2: On the third Monday in October every four years following the most recent general election.] Back to top
[112- 4: Go to the voting station with your voter’s card and ID, mark an X next to your chosen candidate, fold the ballot and present it to the poll officials who will tear off the ballot number and give you the ballot to deposit in the box] Back to top
[113- 1: Between Ontario and the United States] Back to top
1) Encanto 2) Top Gun 3) The Batman 4) Thor Love and Thunder 5) Turning Red 6) Black Adam 7) Everything everywhere all at once 8) Morbius 9) Uncharted 10) Don’t worry darling
Top trending Celebrities in Canada 2022
1) Johnny Depp 2) Will Smith 3) Amber Heard 4) Chris Rock 5) Adam Levine 6) King Charles 7) Jada Pinkett Smith 8) Julia Fox 9) Bruce Willis 10) Mary J. Blige
Top trending Athletes in Canada 2022
1) Guy Lafleur 2) Novak Djokovic 3) Antonio Brown 4) Serena Williams 5) Eileen Gu 6) Kamila Valieva 7) Felix Auger Aliassime 8) Mitchell Miller 9) Johnny Gaudreau 10) Kirby Dach
Top trending Sports Terms in Canada 2022
1) World Cup 2) Olympic medal count 3) Flames 4) Olympics 5) CFL scores 6) T20 World Cup 2022 7) Asia Cup 2022 8) Canada soccer 9) Golden State Warriors 10) Indian Wells tennis
What is? Top Trending “What is?” Questions in Canada 2022
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Comment? Top Trending “Comment?” Questions in Canada 2022
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11) How to register to vote in Canada?
Recherches au Québec en 2022
1) Wordle:web-basedword game created and developed by Welshsoftware engineerJosh Wardle, and owned and published by The New York Times Company since 2022. Players have six attempts to guess a five-letter word, with feedback given for each guess in the form of colored tiles indicating when letters match or occupy the correct position. The mechanics are nearly identical to the 1955 pen-and-paper game Jotto and the television game show franchise Lingo. Wordle has a single daily solution, with all players attempting to guess the same word. 2) Ukraine 3) Coupe du Monde 2022 4) Karim Ouellet 5) OD Martinique 6) Élections Québec 2022 7) Quordle : Daily World Game 8) Johnny Depp 9) Encanto 10) Jean-Marc Vallée
Top Trending Song Lyrics Questions in Canada 2022
1) We don’t talk about Bruno – Encanto 2) My money don’t jiggle jiggle it folds – Jason Derulo, Duke & Jones, Louis Theroux, Amelia Dimoldenberg 3) Running up that hill – Kate Bush 4) Surface pressure – Encanto 5) Unholy – Sam Smith 6) As it was – Harry Styles 7) Glimpse of us – Joji 8) Grrrls – Lizzo 9) Rich Flex – Drake, 21 Savage 10) About damn time – Lizzo
People who passed in CANADA 2022 – TOP TRENDING
1) Queen Elizabeth II 2) Betty White 3) Bob Saget 4) Anne Hache 5) Aaron Carter 6) Olivia Newton John 7) Taylor Hawkins 8) Ray Liotta 9) Guy Lafleur 10) Karim Ouellet
What does it mean to gaslight someone? presenting a false narrative to another group or person, thereby leading them to doubt their perceptions and become misled, disoriented or distressed.
Where did the term gaslighting come from? derives from the title of the 1944 American film Gaslight, which was based on the 1938 British theatre play Gas Light by Patrick Hamilton, though the term did not gain popular currency in English until the mid-2010s.
What is gaslighting in a relationship?
How to gaslight someone
CANADA IN DATA
Average Sold Home Price in Canada Q4 2022
Irreligion in Canada
Ethnic Map of Canada
Guns in USA and Canda
What is icing in hockey? Icing is when a player on his team’s side of the red center line shoots the puck all the way down the ice and it crosses the red goal line at any point (other than the goal). Icing is not permitted when teams are at equal strength or on the power play.
What is power play in hockey? “Power play” is a sporting term used to describe a period of play where one team has a numerical advantage in players, usually due to a rule violation by the opposing team.
What is a hat trick in hockey? A hat trick happens when a single player scores three goals in one game.
What is offside in hockey? A team is offside when any member of the attacking team precedes the puck over the defending team’s blueline. The position of the player’s skate — and not that of his stick — is the determining factor. If both skates are over the blueline before the puck, the player is offside.
What is a hockey puck made of? Hockey pucks are made of vulcanized rubber and are designed to be extremely durable.
What is with fighting in ice hockey? It is a fight to assert territory and presence and is meant to avoid bigger fights or injuries in the long run.
Hey there PFC, Is it just me, or has your Tangerine credit card vanished from your (iOS) app or online browser? Showed just fine the past few days, but I updated the app and my credit (existing balance, transactions, everything) has vanished. I checked their online banking portal and it's also absent there. Now, I frequently use their credit card and am in good standing, so it's not that it was discontinued. Weird! Likely a tech glitch? submitted by /u/craoloro [link] [comments]
I've always been curious about the Smith Maneuver and the big thing I don't really grasp is how you handle the monthly interest charges from the LOC portion. You make the mortgage payment and pull the newly unlocked room out again to invest. But each month the LOC requires a payment to cover the interest. How are you supposed to approach this? By the time you're into the Maneuver for a few hundred thousand, that's going to be a reasonably large monthly expense. submitted by /u/junkdumper [link] [comments]
Longtime lurker, so trigger warning based on the reactions of others: I am a software engineer earning a bunch of money who lives with his parents. I realize we are kind of a meme in this sub at this point, but I do actually want some advice. Most retirement advice seems to be that the typical person can save 15% of their income from 30 onward and between OAS and CPP be ok as a couple as long as you have a paid off house. Basically, fill up the RRSP and you should be good, with those conditions. But how do things such as saving hard before 30, likely being single (I am a stereotype of a techie, including the autism), and not necessarily having as large an asset as a detached house impact these? How about earning a lot of money so that CPP and OAS cover a lot less? Current statistics about me: Age: 26 Income: $203,000 in cash. I have equity too, but who knows if that will ever be worth anything. TFSA: 79200 RRSP: 44345 (still in the process of filling for the year) Non-Registered: 126877 Various cash savings: About 20K. 3K in monthly expenses, mostly travel with friends and trips as I live with my parents and buying technology. No debt beyond some margin in the taxable accounts (the above values are net asset values). Let's say I allocated the the ~250K to retirement. It is all invested in XEQT and VEQT. Apply the three caveats of : Likely being single forever. Not owning as large a skyrocketing asset as a detached house (at least not a large one) compared to others with my income CPP and OAS caps Anything else you may deem important Is moving to primarily maxing out my RRSP and TFSA sufficient for retirement going forward? The answer wouldn't change a lot. I would probably just continue dumping money into XEQT, but I am curious to know whether or not I am on track with those caveats. Obviously I am not going to be poor, but I would like to travel a bunch when I am older and singles supplements are costly, lol. As to other major financial costs, I live in Calgary and houses here are cheap enough that I could save 5% in a few months and 20% in a year. I have no real car ownership dreams so when I do end up buying one, I am fine getting something practical. Just want to get this out of the way first. submitted by /u/Direct_Lobster8476 [link] [comments]
It is my understanding, for a few years now, that the basic personal amount (BPA) on the Manitoba tax form (MB428) is indexed to inflation. In 2021 the BPA was $9,936 and this year for 2022 taxes it is $10,145. That's a percent change of 2.1%. Inflation, according to the Manitoba Consumer Price Index for 2021 was 3.3%, and for 2022 it was 7.8%. Therefore, if my math is correct, the BPA should be at least $10,263.89 (+3.3%) and most $10,711 (+7.8%). Am I misinterpreting the meaning behind the BPA being indexed to inflation? Is the indexation no longer in effect? Is my math wrong? Is it indexed to an inflation rate for 2020 or earlier? Or, did they in fact increase it by an incorrect amount (2.1%)? Sources: https://fbc.ca/blog/manitoba-budget-report-2022/ https://www.gov.mb.ca/mbs/moreinfo.html?id=12 https://www.gov.mb.ca/mbs/publications/mbs504_cpi_2022_a01.pdf (PDF file) submitted by /u/FictitiousReddit [link] [comments]
I am in process of working towards my Canadian work permit(And eventually a PR). I am currently based out in US on H1B(primary reason for this move). I have my finances spread across following vendors: Cash savings in money market account(Marcus) 401k(Fidelity) HSA Investment accounts Fidelity Vanguard Charles Schwab I want to understand what is the preferred way of transferring these assets while making the move to Canada in a tax and cost efficient manner? It will be further helpful to hear from someone who was initially on H1B and made this move? Thank you. submitted by /u/varunu28 [link] [comments]
This past summer, I adopted Luna after being in and out of the foster care system for years. Despite having been in four different homes already, Luna is a resilient dog who is so sweet and loving towards everyone. Unfortunately, she recently suffered a devastating injury. Luna tore her ACL and requires immediate surgery to repair the damage. I love her so much and wants to give her the best care possible, but the cost of the veterinary bills and post-operative care is simply too much for me to handle on her own. The estimated cost of Luna's surgery and rehabilitation is $6,000. I'm a female single person, who is in school full-time and working 2 jobs to cover cost of living. As it is, I am finding it hard to care for Luna, luckily school and work are both from home. In my adoption contract, there is an option to give her back if anything happened. Apparently the risk of tearing the second leg is 50% in the same year. I am concerned that I can't give her the care she needs post-op especially if the second leg goes. I woke up crying today thinking about giving her back, but feel like I'm in a really difficult spot. I'm a college student and am just one person, I feel like if I was married or more ahead in my career I would be in a different spot. I asked my family if they could help, but with inflation and the cost of their houses right now, no one is able to. Edit: I created a GFM, but don't want to solicate on here as the intention of this post was to seek advice. submitted by /u/Radnatalia [link] [comments]
Hi everyone, First of all please accept my apologies if my English is not perfect, I am a 35yo foreigner who joined Canada 5 years ago. I made a family here and got blessed with twins, my kids are Canadians of course and I got my permanent residency a little while ago. We bought a condo with a great fixed rate at the time. I got instructed by friends made here in Canada to look into the different types of financial products, and being a data nerd by trade I started to look into it and... I got overwhelmed by the sheer number of options/laws/firms and administrative hoops to jump through. Here is my situation below, I always kept track of my budget diligently and in great details. Would you be so kind to review it and let me know if I am on the right tracks, and answer a few of my questions if you can? I understand reading the sub that financial advisors are not the way to go, but having pointers I can look at and then take my own decisions can help lessen or reinforce some doubts I have on my setup at the moment. Thanks in advance for any help! Family of five - 1 salary ($120,000 per year), 1 mortgage, no other debt Average Monthly income in the last 12 months: ~$7000 Monthly mandatory payments: $2650 mortgage, taxes withholding / house maintenance / insurances, etc. , daycare,mandatory services (phones, internet, water, electricity) Monthly food expenses (average): $1250 Groceries, take outs, bars, restaurants Monthly optional expenses (average): $1000 Hobbies, sport, gifts, holidays, misc. Net income to be saved/invested per month: ~$1,800 Safety net: $30,000 in a savings account ( HSBC 1.05% ) Credit Card: World Elite HSBC TFSA - just learned about it, never used REER - $37,956 in it, learned about it last year. Don't know what to invest this money in, still unclear what is the difference between currency based ETFs I can see everywhere (VTI, VFX, Stocks, Bonds, BAM, V... and all the massive amounts of existing ETFs available) I can't really find or wrap my head around how this money can then be retrieved without beeing taxed, which defeats the purpose of locking money in it for an indefinite amount of time. Everybody is doing it, I am sure I am missing a very important detail here. Mortgage: 25 years, at a fixed 2.79% Interest Rate locked for 5 years, need to be renegotiated in 2 years The first of March is rapidly approaching, I am considering maxing out the REER again, or the TFSA and then the REER as much as I can, and then invest in something but tbh any guidance would help. I am getting so lost with the taxes brackets, and the impact of the REER, while trying to optimize it. For my peace of mind I would like to keep 6 times our monthly expenses ($24,000) in a readily accessible way, but I can put this money in a REER and wait for the tax returns that should fill the net again. As long as my net is in place, I do not mind risks, I just like this idea this sub has of optimizing, that will allow me to do everything I can to keep my family safe. I do not mind at all opening accounts at other banks and shopping around, I read multiple posts here on that topic and I am ashamed not to have thought about it before. Any advice or critical thinking on what I do right or wrong would be really appreciated, thank you! submitted by /u/Yodlr [link] [comments]
As the title says I typically spend around $400 per month ($100 a week) on groceries as a single 27 yr old male. Curious if this is similar to others out there? Seems pretty high to me, I don’t even buy that much meat. This excludes eating out and alcohol costs, its only my grocery store expense. submitted by /u/Educational-Ride-281 [link] [comments]
I have an RBC LOC with a balance just under $18k. My interest rate is prime+4.49%. So interest payments have obviously gone up a huge amount over the last year. My credit score is pretty decent (769), so I’m wondering if it’s “a thing” to talk to the bank and try and get a better interest rate for this loan? Maybe I’m just really naive, and have to just grin and bare it as I pay down principal this year submitted by /u/Dr-Microbe [link] [comments]
Hey everybody! I have $5000 I'll need to spend, but not for 3 months. Aside from a basic savings account, what would be the best way to gain a modest return on these funds? I'm ok with a moderate level of risk, but would prefer not to invest it in stocks/ETFs. Any advice would be greatly appreciated. Thanks! submitted by /u/bigmikey69er [link] [comments]
Hi all! I’ve been trying to read previous threads, but still confused. Goal to buy a home/condo within 5 years. Late 20s single income adult, net income ~65-70k. Currently have: TFSA for emergency fund ~10k TFSA mutual funds and ETFs ~10k RRSP mostly HBP ~15k (have a good government pension so not too stressed about growing it for retirement yet) Wondering how the FHSA should fit in my financial plans and goals? Should I start contributing to FHSA (when able) instead of RRSP? Focus less on growing TFSA mutual funds and grow it in FHSA? Start with its own small contributions and still continue to grow my other accounts (mind you times are tight so it would be small monthly accrual)? Thanks for your insights. submitted by /u/nopenotafrowaway [link] [comments]
Was talking with some coworkers recently and a senior partner had an interesting way of saying how to determine how well you're doing financially..two ways actually. How many doors your home has? If you can touch your bathroom door from the toilet..you still have ways to go. I understand he was joking in a way but I remember my first time living on my own, a one bedroom apartment had literally 3 doors inside (bathroom, bedroom, closet). Second one had 7, and house has 16..so he might be onto something. Made us all chuckle at least submitted by /u/Sara84SM [link] [comments]
Hi everyone, I have two question questions regarding credit cards: 1/ I want to get a better credit card but one i'm interested in is from an other bank. Does that mean I'll have to open a second bank account to pay off this credit card of is there a way to link it to my current bank account? 2/The Credit Card I wanna get has a yearly supplementary Card fee, I'm not sure to understand what that means; will I have to pay that fee if I already have a different credit card or only if I want this card two times or more? Sorry if these are stupid questions, I'm just trying to learn submitted by /u/HappyFluffyBanana [link] [comments]
I know Boomers get a lot of hate here as most of the redditors here are younger. However, if lots of Boomers are struggling - how are the current younger generations supposed to get by and make retirement possible? Haven’t seen any government moves to help us working folk. In addition, as someone with family in healthcare, the amount of seniors stuck in hospital with no where to go because they are in poverty is astounding. I do strongly think that we should raise retirement benefits to 70+ because with the current system, it’s an growing number of retirees depending on an ever shrinking workforce to fund their lives. The Baby Boomer Retirement Crisis Is Here. Why the Richest Generation Is Struggling. submitted by /u/pharmecist [link] [comments]
I have a friend who got a DUI around 3 years ago. He was driving home from a Christmas party and was pulled over a block away from his house. He blew over, the truck was towed, and he was arrested. His truck was stuck in impound until the new year, which racked up thousands in fines. I was one of the only people he told since he would lose his job if it got around. Many of the courts shut down when Covid started, so it took a lot longer than normal to get convicted. He spent around 25k on a lawyer, and I don't know what good that did him since he was still convicted. While waiting for his court date, he couldn't drive at all. He was spending well over $1000/mo on taxis just to get to work. After almost a full year, he finally got convicted, and now his punishment started. His license was suspended for a year. After 6 months, he was eligible to get an interlocking ignition installed. This costs money to install, monthly, and to remove. The biggest expense is his insurance. He is paying $14,000/yr for basic no nothing insurance on his truck. They make him pay it up front in full each year. I don't know how long this stays on his driving record, but assuming 7 years, that's around 100k in premiums. This whole experience all in will cost him several hundred thousand. If he lost his job, it would have been much worse. If he hurt someone while being an idiot it would have been a disaster. Don't be stupid, don't drink and drive. submitted by /u/Curious_Fellow1 [link] [comments]
At the end of our fiscal year, my employer provides a certain percentage of annual salary towards an RRSP contribution. This contribution is written to the RRSP institution, ie. Canada Life and not under my name, and is given without tax implication to the total amount. My question is if this still counts as income when filing income taxes, and how does this affect taxable income? ie. 100k salary, 5k RRSP, total income 105k but with 5k of it going to RRSP, taxable income 100k OR 100k salary, 5k RRSP, total income 100k but taxable income 95k Which of the 2 situations is the correct one? Thanks for your help! submitted by /u/Terrible_Wing_9199 [link] [comments]