ECONOMIC CONTRIBUTIONS OF MINORITIES IN LOUISIANA

Bruce P. Corrie, PhD
corrie@csp.edu

BUYING POWER:               20 BILLION DOLLARS

RENTAL PAYMENTS               109 MILLION DOLLARS

REAL ESTATE PAYMENTS            68 MILLION DOLLARS

MINORITY FIRMS

• 58, 829 minority firms with 6 billion dollars in sales,


• 6719 had employees, employing 57,887


• Annual payroll of 1.1 billion.


• From 15 percent of all firms in 1997 to 18 percent of all firms in 2002.


• Overall firms grew 11 percent during the same period.


• However Black firms grew 56 percent, Asian 28 percent and Hispanic 15 percent. American Indian firms had negative growth rates.

In terms of number of firms Black firms were 11th in the nation for Black firms, Hispanics 20th, Asian 21st and American Indian 22nd for their respective groups.