Massachusetts must increase entrepreneurship among people of color to help counteract a years-long decline in the number of new startups launching annually, and achieving that goal will require expanding support for minority-owned businesses, a new report concluded.
Between 2005 and 2018, fueled by industry consolidation, the number of new Bay State companies with employees formed every year dropped by 47 percent, MassINC and the Coalition for an Equitable Economy wrote in a report published Tuesday.
