The Dynamic Power of Ethnic Capital in Minnesota

Buying Power (Source: Selig Center)

• $ 11 billion in Minnesota
• $1.3 trillion nationally

Tax Base (Source: Author Estimates, Census 2000)

• 1.1 billion in state and local taxes
• $ 85 million real estate taxes
• $ 57 million in rent

Entrepreneurial Capital Latest Census Data from the Survey of Business Owners 2002 reveal that

• there are 22,405 minority firms in Minnesota with
• $2.7 billion in sales employing 31, 474 people
• with an annual payroll of 818 million dollars

Bruce P. Corrie, PhD, corrie@csp.edu