Historically Black Colleges Embrace Entrepreneurship Programs

The volatile job market has spawned a business ownership trend among Black students.

Posted: 05/02/2012 12:16 PM EDT

Amid sky high unemployment numbers for African-Americans, Black colleges are now beginning to teach students to take their earning potential into their own plans. Institutions like Howard University and Bowie State are now expanding entrepreneurship courses generally only offered to business students, and welcoming in students from all disciplines, reports the Washington Post:

“Driven by a shift in the career outlook of today’s youth and accelerated by an economic downturn that continues to hit minorities the hardest, historically black colleges and universities are turning to entrepreneurship programs to help them churn out not just the nation’s next generation of employees, but also produce many of its future employers.

While the current economic decline has weighed heavily on all new graduates, government data suggest that black job candidates are having an even more difficult time finding work than their white counterparts. The Bureau of Labor Statistics reports that in 2007, prior to the collapse, the unemployment rate among whites stood at 4.1 percent while the rate for blacks averaged 8.3 percent.”

Read the full story here.

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