Friday, January 17, 2014

One in Seven Business Owners Are Minorities

An Issue Brief published by the Office of Advocacy shows the changing makeup of America’s business owners.

The composition of U.S. business owners shifted slightly between 2007 and 2012. During this five-year period, the share of minority and Hispanic business owners had a moderate increase. These changes largely reflect the growth of Hispanics and minorities in the overall U.S. population and workforce. Meanwhile, women’s business ownership rates were stable.

Read Advocacy’s Issue Brief #2: Demographic Characteristics of Business Owners.

For press inquiries or to speak with Advocacy’s Chief Economist Janemarie Mulvey, Ph.D., contact Elle Patout, Public Affairs and Media Manager, at (202) 205-6533 or elle.patout@sba.gov.

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