Opportunity: Establish incubators for minority-owned businesses to support entrepreneurship.

Action Plan:

Identify High-Potential Areas:

Focus on regions with high concentrations of minority entrepreneurs and underserved communities.

Partner with local governments to identify potential incubator sites.

Provide Resources:

Offer mentorship, access to funding, and technical assistance.

Create co-working spaces with shared equipment and technology.

Host Business Workshops:

Topics could include financial literacy, marketing, scaling operations, and navigating procurement opportunities.

Build a Support Network:

Connect incubator participants with investors, industry experts, and peer entrepreneurs.

Potential Partnerships:

Local economic development agencies.

Minority business associations.

Banks and micro-lenders.

Expected Outcomes:

Increased success rates for minority-owned businesses.

Boosted local economic activity and job creation.