« General Motors: A Microcosm of the U.S.? | Main | Quote of the Day for Sunday, July 31, 2005 »
July 30, 2005
Rapid Minority Business Growth
USA Today reports on data just released from the 2002 Census, which finds that Hispanics own more businesses, 1.6 million, than any other minority in the United States. This represents a 31% increase since 1997. Annual revenue at Hispanic-owned businesses rose 22% to an average $143,866 per company.
African-Americans owned 1.2 million businesses in 2002, up 45% from 1997.
Minority-owned businesses make up 18% of the 23 million businesses in the United States, up from 15% in 1997.
The number of companies owned by women rose 20% from 1997 to 2002, to 6.5 million.
Trackback Pings
TrackBack URL for this entry:
http://www.heritagetidbits.com/cgi-bin/mt/mtb.cgi/411
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)