In a report shared by the Government Accountability Office: Historically Black Colleges and Universities (HBCU) educated more than 226,000 African-American students pursuing a college degree in 2017.
The Small Business Administration (SBA) worked with Historically Black Colleges and Universities (HBCU) to foster entrepreneurship, primarily through its Small Business Development Center program (which provides counseling and training), strategic alliance memorandums, and co-sponsorship agreements.
Two HBCUs—Howard University and the University of the Virgin Islands—have hosted SBDC “lead centers” since the 1980s. SBA also signed at least 35 strategic alliance memorandums with HBCUs and at least 16 co-sponsorship agreements in 2013–2018.
Read more via the United States Government Accountability Office.
