The American population has become increasingly diverse, but diversity within the small business sector is occurring even faster pace. Today, minority-owned businesses make up 21% of the nation’s small businesses.
By incorporating minority businesses into job creation and economic recovery policies, the entire country would benefit – minority businesses hire a large share of their workforce from within minority workers.
The largest number of Asian owned businesses is located in the West. That region accounted for 46.5% of Asian enterprises. Businesses in transportation and related travel services had 39 employees.