Sunday, September 18, 2005

Ethnic Trends: Minority Female Entrepreneurs, 2002

Take the Quiz: Minority Female Entrepreneurs 2002
Bruce P. Corrie, PhD, corrie@csp.edu.
Tel: 651 641 8226

What is the total number of minority female entrepreneurs in the USA?


Answer:  1. 5 million or 23 percent of all female owned firms with $119 billion in sales and employing almost a million people with an annual payroll of $21 billion.

Which minority group has the largest number of female entrepreneurs?

Answer:  547, 341 Black Female firms or 46 percent of Black firms. There were almost the same number of Latina firms, 540, 909.

Which minority group had the largest percentage of female minority firms with paid employees?

Answer: American Indian female firms – 30 %.

Which minority group had largest employment among female owned firms?

Answer: Asian female owned firms employed 430,884 people.

Which minority group had largest annual payroll among female owned firms?

Answer: Asian female owned firms over $10 million in annual payroll

How many female owned firms are there in Minnesota?

Answer:123 928 or 17 highest number in the nation

How many minority female owned firms are there in Minnesota?

Answer: Report is not yet out..check back at this site over the next few months.
Source: Survey of Business Owners, 2002. Author calculations.

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