Numbers Don't Lie

Wednesday, June 07, 2006

Minority entrepreneurs launched more new business than the national average

According to a series of recent surveys released by the U.S. Census Bureau, between 1997 and 2002, the total number of U.S. businesses grew by 10%. However, during the same time period, Asian-owned firms increased by 24%, Hispanic-owned businesses by 31%, and African-American-owned firms spiked 45%.
When asked why do these minority entrepreneurs want to start a business, the response are (in that order):
1) control over their destiny;
2) the opportunity to put into practice the experience and education that they've gained;
3) secure their finances;
4) contribute to the community.



Blogger Sicilian said...

And you forgot. . . the government make loans much more accessible to minorities.

2:13 AM


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