Minority firms, racism and economic development

Abstract

Outline Despite the prominence of minority firms within inner‐city areas across the country, relatively little is known of their makeup, problems and relations with external agencies. Drawing on a study of 50 Asian employers and key players in local support bodies in the typical inner‐city area of Wolverhampton, this paper assesses the market and managerial structure of minority firms, and their links with support agencies. It is argued that racism is a significant constraint on the development of such firms; and that current support from external agencies is lacking. A more focused and higher profile role for a dedicated “Asian Business Unit” is suggested as a strategy for the development of minority enterprise.