Creative Investment Research Publishes Economic Analysis of 2024 GDP Growth

WASHINGTON - Feb. 1, 2025 - PRLog -- Creative Investment Research (CIR) released a new report examining the impact of 2024's economic growth on Black-owned and minority businesses. Specializing in the creation of high financial and social return investment vehicles, CIR designs innovative economic models that empower minority businesses and underserved communities, fostering sustainable growth and systemic equity.

According to the U.S. Bureau of Economic Analysis (BEA), the U.S. economy grew at an annualized rate of 2.3% in Q4 2024, contributing to a 2.8% overall growth rate for the year. This expansion was driven by strong consumer spending and increased government investment. While this signals a healthy macroeconomic environment, Black-owned and minority businesses continue to face systemic challenges.

Key Findings from the CIR Report:

Black-Owned Businesses: Revenue for Black-owned firms reached $206 billion in 2024, supporting 3.56 million U.S. jobs. However, 47% of Black business owners reported loan application denials, highlighting ongoing barriers to access to capital.

Minority-Owned Businesses: Collectively, minority-owned businesses contribute nearly $2 trillion in revenue to the economy. Hispanic-owned businesses experienced a 50% increase in revenue, reaching $114.2 billion, while Asian Pacific businesses saw a 4% rise to $97.8 billion.

Access to Capital Improvements: Despite persistent funding challenges, the Small Business Administration (SBA) backed 5,200 loans to Black-owned businesses in FY 2024, totaling $1.5 billion, a threefold increase since FY 2020.

"The data confirms that Black and minority-owned businesses are growing, but not at the pace they could if systemic barriers were addressed," said William Michael Cunningham, CEO of Creative Investment Research. "Access to capital remains a fundamental challenge, and while there has been progress, more targeted efforts are needed to ensure these businesses fully benefit from economic expansion."

The full CIR report provides a comprehensive analysis of GDP growth and its implications for minority businesses. It also outlines policy recommendations to expand access to capital, support business development, and drive inclusive economic growth. See: https://www.impactinvesting.online/2025/01/economic-growt...

For more information, visit www.impactinvesting.online or contact Creative Investment Research at info@creativeinvest.com.

About Creative Investment Research

Founded by William Michael Cunningham, Creative Investment Research is a pioneering firm dedicated to designing and launching high-impact investment vehicles that provide elevated investment returns, increase economic equity and support positive social change. Specializing in economic analysis, impact investing, and minority business development, CIR creates innovative financial models that channel capital toward underserved communities and businesses, fostering sustainable growth and long-term prosperity.

Media Contact:
Creative Investment Research
Email: info@creativeinvest.com
Website: www.impactinvesting.online