How the DEI backlash is hurting Black businesses

Handsome Haitian male entrepreneur sitting in modern office space, looking at laptop. (Credit: Getty Images)

As negative perceptions around diversity, equity, and inclusion surge, Black businesses are seeing the heightened support post-George Floyd wane, specifically investment opportunities and access to capital. 

This trend is particularly noticeable to Black midsize business owners, according to a qualitative survey from Wells Fargo analyzing the opportunities and challenges Black middle market business leaders face. The companies in the Wells Fargo survey had annual revenues ranging from $20 million to $500 million.