“A lot of the gains made by minority businesses have been outside of the regulatory sphere, meaning that they’ve been able to do this because of personal connections, community connections. They’re under-financed and under-banked. So if we think about policy interventions, we know that tailoring and centering them on the needs of women and minority owned businesses is going to be a return on investment,” says Sonja Diaz, Founding Director at UCLA’s Latino Policy & Politics Institute.