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Buffalo, New York, is home to more black-owned businesses than any other city in the US, according to Census Bureau data cited by the New York Times.
But when it comes to the number of black-owned businesses in the city, that doesn't mean they're more likely to succeed.
In fact, the percentage of black-owned businesses in the city is actually lower than in any other US city, the Times notes.
And that's why the University at Buffalo's Center for Entrepreneurial Leadership is celebrating its 20th anniversary this year by graduating 65 entrepreneurs from its M&T Emerging Entrepreneurs program, the Buffalo News reports.
"I am certain they will make a profound and lasting impact on our community," says program director Celine Krzan, who credits this year's cohort with "incredible dedication and resilience."
The 10-month program, offered by the university's Center for Entrepreneurial Leadership and M&T Bank, helps historically underrepresented entrepreneurs get their companies to the next stage of development by providing them with business development seminars, private consultations with industry experts, and one-on-one mentoring, per a press release.
The Times notes that the percentage of black-owned businesses in the city dropped from 17.6% in 2000 to 12.1% in
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