The number of businesses owned by minorities increased faster than the number owned by whites, according to Census data released July 13. But minority companies’ economic impact—measured by total sales and how many workers they employ—budged only a little from 2002 to 2007. And the percentage of minorities who own businesses is still far lower than the percentage of whites who do.
The number of minority-owned businesses increased from fewer than 4 million in 2002 to 5.8 million five years later, a 46 percent jump. That compares with . . . Read More.