Today on CNBC, National Black MBA Association Interim CEO Orlando Ashford joined a powerful conversation on the “Great Wealth Transfer” and the projected multi-trillion-dollar opportunity for Black and other minority entrepreneurs as millions of small and mid-sized businesses change hands over the next decade. A recent McKinsey analysis highlighted that, by 2035, roughly 6 million small and medium-sized businesses will come up for acquisition, and inclusive ownership could help generate up to $3 trillion in new household wealth for Black, Latino, and women entrepreneurs. Yet, without intentional strategies for access to capital, deal flow, and advisory support, this historic transition could widen existing gaps rather than close them. At NBMBAA, we see this moment as a call to action. Through our network of more than 10,000 members, 34 chapters, and 200+ partners, we are committed to helping Black professionals move from being solely workers in businesses to becoming owners of businesses — leveraging education, community, and capital to build lasting wealth. We're proud to see Orlando representing our community on this national stage and elevating the role of organizations like NBMBAA in preparing the next generation of Black business leaders, buyers, and successors. Watch the full CNBC segment here and let us know: How is your organization preparing Black professionals to participate in this Great Wealth Transfer? 👇🏾 Article 🔗: https://lnkd.in/dtnQAUuS #TheBlackMBA #NBMBAA #BlackWealth #BlackBusiness #BlackEntrepreneurs #WealthTransfer #BusinessOwnership #GenerationalWealth
