New Report Explores the Role of Investing in Advancing Wealth-Building for Black Small Business Owners
New study from Financial Health Network highlights how access to investing tools and education can support financial resilience among Black entrepreneurs by shifting behaviors and increasing confidence.
BOSTON, May 27, 2025 /PRNewswire/ -- Stackwell, an innovative investing platform harnessing the power of investing to improve financial wellness for all, and the Michigan Black Business Alliance (MBBA), today announced the release of a new report by the Financial Health Network titled "Building Personal Wealth: Empowering Black Small Business Owners Through Investing." The report examine the role that access to investing, education, and behavioral tools can play in improving financial outcomes for Black small business owners.
The report is based on finding from the 2024 Small Business Investing Program (SBIP), which was conducted January - December 2024, and was launched by MBBA to promote greater financial security and wellness for Metro-Detroit's small business community. Through the program, which was supported through a contribution from Prudential Financial, eligible MBBA members received funded investment accounts through the Stackwell investing platform and educational resources designed to build foundation investing knowledge and support goal setting.
"At the Michigan Black Business Alliance, we believe building personal wealth is essential to closing the racial wealth gap," said Charity Dean, President and CEO of MBBA. "This program allowed us to equip Black entrepreneurs with the tools and confidence to see investing not as a luxury, but as a necessity. The insights from this report confirm what we've always known: when you invest in the financial empowerment of Black business owners, you unlock not just individual success, but generational opportunity."
Findings from the report show that participating business owners increased their investing knowledge, confidence, and engagement over time. Many shifted their mindset around investing, began pursuing long-term goals, and took tangible steps toward building wealth. These insights offer a potential model for practitioners seeking new strategies to support underserved small business owners.
"This report affirms the impact of Stackwell's playbook – when we meet people where they are, with the right tools and support, we can build financial strength and intergenerational outcomes. We are not only investing in entrepreneurs and their businesses but helping our communities thrive," said Trevor Rozier-Byrd, Founder and CEO of Stackwell.
To access the full report, visit: https://finhealthnetwork.org/research/building-wealth-empowering-black-small-business-owners-through-investing/.
About Michigan Black Business Alliance:
The Michigan Black Business Alliance (MBBA) is a leading advocate for Black-owned businesses in Michigan. The mission of the MBBA is to help close the racial wealth gap by developing programs and advocating for policies that result in profitable and sustainable Black owned businesses that are connected to public and private economic opportunities while building trusted relationships.
About Stackwell:
Stackwell is a fintech platform harnessing the power of investing to make wealth-building possible for everyone. For too long, too many people have felt that investing just isn't for people like them. That's why Stackwell's easy-to-use app and community-driven programs are designed to break down barriers to financial wellness and foster investing confidence. When more people have the opportunity to invest and grow their wealth, entire communities thrive.
Media Contact: media@stackwellcapital.com
View original content:https://www.prnewswire.com/news-releases/new-report-explores-the-role-of-investing-in-advancing-wealth-building-for-black-small-business-owners-302466131.html
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