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Minority Entrepreneurs
Minority Entrepreneurs
Minorities own 15.1% of all U.S. businesses, or more than 3 million firms, and 99% of these firms are small businesses.
Source: SBA, "Dynamics of Minority-Owned Employer Establishments, 1999-2001," February 2005
Minority-owned businesses account for $591 billion in revenues.
Source: SBA, "Dynamics of Minority-Owned Employer Establishments, 1999-2001," February 2005
More than one-third of minority-owned firms are owned by Hispanics:
Hispanic..........................................................................................................................40.2%
Asian................................................................................................................................28.1%
Black ...............................................................................................................................28.0%
American Indian.............................................................................................................6.7%
Note: Numbers do not add up to 100% since Hispanics can be of any race.
Source: SBA, "Dynamics of Minority-Owned Employer Establishments, 1999-2001," February 2005
Minority-Owned Firms by Industry
Source: SBA, "Minorities In Business," 2001
Minority Business Survival Rates 1997-2001
Source: SBA, "Dynamics of Minority-Owned Employer
Establishments, 1997-2001," February 2005
The Small-Business Market
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