Minority-owned startups face extra hurdles – Senator Ben Cardin wants to help

The Maryland senator is working to pass three bills that would support minority entrepreneurs

Ben Cardin comes from a family of small business owners. His grandfather, who emigrated to the US from Russia more than 120 years ago, turned an independent grocery store into a chain of food distribution businesses. His success was one of the factors helping Cardin enter the world of politics at the age of 24, where he ultimately rose to become an influential member of the US Senate. He is now in his third term representing Maryland, and the ranking member of the small business and entrepreneurship committee.

Cardin knows that the environment for business owners and startups today is much different than in his grandfather’s time. Back then there were fewer rules, less competition and lower barriers to enter a marketplace. Today’s entrepreneurs face intense opposition from big brands, high costs like healthcare for their families, more hurdles for securing capital to finance their dreams and a far greater level of rules, bureaucratic requirements and paperwork that creates headaches and challenges. And that’s if you’re white. The challenges are far greater for minorities looking to get into the game.

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from US news | The Guardian https://ift.tt/1Zwv3jN
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