Number of Minority Owned U.S. Small Businesses Growing Rapidly
Small Business Labs
OCTOBER 3, 2017
According to research from The Business Journals SMB Insights group the number of minority owned small businesses in the U.S. is growing much faster than overall small business growth rate. As their chart below shows, between 2007 and 2017 the number minority owned SMBs have grown by 79% reaching 11.1 million. This growth is about 10 times faster than the 7.6% overall growth rate for U.S. small businesses during this period.
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