tag:blogger.com,1999:blog-120185422024-03-07T22:43:39.705-08:00Ethnic TrendsThe Dynamic Power of Ethnic Capital
(visit www.ethnictrends.info for data on the ethnic markets)Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.comBlogger101125tag:blogger.com,1999:blog-12018542.post-36756397674703905132014-05-16T21:17:00.000-07:002014-05-16T21:17:29.873-07:00Early Migrants were Native Americans - New Findings<div dir="ltr" style="text-align: left;" trbidi="on">
The Wall Street Journal reports ..<span style="-webkit-text-stroke-width: 0px; color: #333333; display: inline !important; float: none; font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;">A unique genetic marker exhumed from her 12,000-year-old skeleton offers evidence that the first hunter-gatherers who crossed the Bering Sea from northeast Asia on a now-submerged territory called Beringia belonged to the same population group as many Native Americans today, the scientists said.<br /></span><br />
<span style="-webkit-text-stroke-width: 0px; color: #333333; display: inline !important; float: none; font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;">http://on.wsj.com/1gysmNs </span></div>
Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-47402276729358792152014-03-23T20:56:00.000-07:002014-03-23T20:57:43.979-07:00Second Language helps Rational Thinking?<div dir="ltr" style="text-align: left;" trbidi="on">
The Wall Street Journal reports <span class="protocol" style="display: block; height: 1px; left: -9999px; line-height: 1px; margin: 0px; overflow: hidden; padding: 0px; position: absolute; top: -9999px; width: 1px;">htt</span>about a recent study that thinking about a problem in a foreign language might help a person analyze the problem more rationally. It appears by thinking of the problem in a second language we isolate the emotion from the decision and so you get a more rational picture of the situation. Hmm...let me try it out in my basic knowledge of another language - hum sochta es blog tik hai or nai - kya karega. <i>I am just seeing blank empty spaces in my mind with the words standing out.</i>...<i>maybe there is some truth to this...try it yourself...</i><br />
<a class="bitmark-shortlink" href="http://on.wsj.com/1f8DEBA" style="-webkit-text-stroke-width: 0px; color: #222222; cursor: pointer; display: inline-block; font-family: 'Source Sans Pro', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: normal; height: 23px; letter-spacing: normal; line-height: 21px; margin: 3px 0px 0px; max-width: 120px; orphans: auto; overflow: hidden; padding: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: nowrap; widows: auto; width: 120px; word-spacing: 0px;"><span class="protocol" style="display: block; height: 1px; left: -9999px; line-height: 1px; margin: 0px; overflow: hidden; padding: 0px; position: absolute; top: -9999px; width: 1px;">http://</span>on.wsj.com/1f8DEBA</a><br />
<i style="-webkit-text-stroke-width: 0px; background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-style: italic; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 21px; margin: 0px; orphans: auto; outline: 0px; padding: 0px; text-align: left; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: auto; word-spacing: 0px;">" 'Piensa' Twice: On the Foreign Language Effect in Decision Making," Albert Costa, Alice Foucart, Inbal Arnon, Melina Aparici and Jose Apesteguia, Cognition (February)</i> </div>
Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-236510867490151592014-03-04T20:47:00.000-08:002014-03-04T20:47:27.448-08:00My Testimony to the MN legislature <div dir="ltr" style="text-align: left;" trbidi="on">
Today I invited legislators to view our ALANA communities as assets. I presented the economic portfolio of the ALANA communities and encouraged them to leverage our massive public spending to grow the ALANA economic portfolio - reflected in such data as - $12 billion in consumer power; firms that as a group would be the 15th largest company in terms of revenue (over $5 billion) and 9th largest in terms of employment (over 40,000 with an annual payroll of over $1 billion). Minnesota is doing a lot of good things but to be doing great things we need to view our ALANA communities not as deficits but as assets. The testimony can be found on my site<br />
<a href="http://www.ethniccapital.com/uploads/1/2/2/9/12297431/testimony_to_government_operations_committee_minnesota_house.pdf">http://www.ethniccapital.com/uploads/1/2/2/9/12297431/testimony_to_government_operations_committee_minnesota_house.pdf</a><br />
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Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-15633988690741795062014-02-26T09:43:00.001-08:002014-02-26T09:43:16.016-08:00Online Marketplaces and Racial Discrimination<div dir="ltr" style="text-align: left;" trbidi="on">
<b style="-webkit-text-stroke-width: 0px; background-color: white; color: #181818; font-family: 'Trade Gothic W01 Bold 2', Arial, Helvetica, Verdana, sans-serif; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 24px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;"><span class="Apple-converted-space"> </span>New Harvard research show online marketplaces like Airbnb <i>inadvertently</i> fuel racial discrimination.<i>" </i></b><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #181818; display: inline !important; float: none; font-family: 'Trade Gothic W01 Roman', Arial, Helvetica, Verdana, sans-serif; font-size: 17px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 24px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;"><i>Analyzing a data set that focuses on New York City (the company's biggest market), the researchers found that black hosts charged approximately 12 percent less for rentals than nonblack hosts—even when the properties were equivalent in terms of location and quality."</i> The research raises some interesting questions on linking your Facebook page to online sites, importance of profile pictures and the placement of these pictures, policies on online marketplaces that might inadvertently promote racial discrimination. </span><br />
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<i>"But the "pricing" section of the website advises that new hosts set rates with market demand in mind. For example, Airbnb tells new hosts they "may want to charge lower than average rates to attract travelers comparing your place with existing reviews. Once you have a review or two, adjust your rates as needed."</i></div>
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<i>The researchers interpret black hosts' lower prices as evidence of a similar, but permanent, disadvantage. In particular, they maintain that their findings show how black hosts have a harder than average time attracting travelers, and therefore must keep their prices lower than average in order to compete successfully."</i></div>
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<i>http://hbswk.hbs.edu/item/7435.html </i></div>
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Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-19682386608510693282014-02-24T10:56:00.001-08:002014-02-24T10:56:40.118-08:00New Report Provides Details of North Minneapolis Housing Conditions<div dir="ltr" style="text-align: left;" trbidi="on">
A detailed neighborhood analysis of housing conditions in North Minneapolis done by the Minneapolis Fed provides a good picture on the opportunities and challenges there. Overall the report found: <i>"the housing market in North Minneapolis varies from neighborhood to neighborhood and even from block to block. In general, the housing market in the northwest area of North Minneapolis is more established while the southeast area’s is more vulnerable; however, many of the <br />neighborhoods register a diverse “micro” housing market, with blocks falling on the <br />entire HMI spectrum"</i>. During 2006 to 2012 houses in North Minneapolis dropped on average by more than a third. View the report at http://www.minneapolisfed.org/pubs/cdpapers/hmi_2013.pdf</div>
Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-57595521488328186192014-02-19T10:23:00.000-08:002014-02-19T10:23:24.367-08:00Baseball offers an intriguing strategy to overcome racist behaviors<div dir="ltr" style="text-align: left;" trbidi="on">
Baseball offers an intriguing strategy to overcome racist behaviors. A Harvard study found that when umpires and pitchers were of a different race the umpire was more likely to call a pitch a ball -which favors the batter. Pitchers seem to compensate for this discrimination by throwing the ball in areas where there was less of a subjective reading - even though it lessened their effectiveness!<br />
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Another intriguing observation of the study was when cameras were present to record the events these discriminatory behaviors vanished. Ah! The lessons we can learn from baseball!<br />
The study can be found at http://hbswk.hbs.edu/item/7392.html<br />
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Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-65387677020322855932014-02-13T13:55:00.002-08:002014-02-13T13:55:55.720-08:00Nearly 2 million deported in recent years<div dir="ltr" style="text-align: left;" trbidi="on">
The Economist reports that almost 2 million people have been deported in recent years, 322,900 last year alone. The article describes the cruel and heartless way people are deported and the huge human cost of this policy. This in essence has been our immigration policy over the past few years - deportations.<br />
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It is time fix our broken and dysfunctional immigration system. <br />
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For a new framework to look at immigration see my app "Immigrant Capital" on iTunes and Google Play or a recent report on Minnesota <a href="http://bit.ly/HEZJy1" style="-webkit-text-stroke-width: 0px; background-color: white; color: #1155cc; font-family: Corbel; font-size: 14.399999618530273px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;" target="_blank" title="http://bit.ly/HEZJy1
blocked::http://bit.ly/HEZJy1
http://bit.ly/HEZJy1
blocked::http://bit.ly/HEZJy1">http://bit.ly/HEZJy1</a><span style="-webkit-text-stroke-width: 0px; background-color: white; color: black; display: inline !important; float: none; font-family: Corbel; font-size: 14.399999618530273px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;">.</span><br />
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<span style="-webkit-text-stroke-width: 0px; background-color: white; color: black; display: inline !important; float: none; font-family: Corbel; font-size: 14.399999618530273px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;">http://www.economist.com/news/briefing/21595891-united-states-expulsion-policy-toward-migrants-carries-big-human-cost-bordering-cruelty </span><br />
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Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-66859023810707140092014-02-05T21:48:00.000-08:002014-02-05T21:48:02.952-08:00New Health Equity report needs policy attention<div dir="ltr" style="text-align: left;" trbidi="on">
The new MDH report on health equity spares no punches and lays out a policy agenda which I hope becomes part of the 2014 election cycle. I do hope the Governor and legislature takes action too. This information is not new - members of the community have been asking for equal access and culturally competent health care for a long time. Thanks to Larry Walker and the Bridges network for bringing this report to our attention. http://www.health.state.mn.us/divs/chs/healthequity/ahe_leg_report_020114.pdf</div>
Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-15626599137075468572014-01-30T08:47:00.000-08:002014-01-30T08:47:00.946-08:00Why has St. Paul not fully recovered from the Great Recession while Minneapolis has?<div dir="ltr" style="text-align: left;" trbidi="on">
Intriguing question posed by the latest DEED report on progress in Minnesota Cities? One answer could be all that romance in the air being the top romantic city in the US? Seriously - it is a good question because I see it in the growth patterns of minority businesses too. I am looking for more insights from DEED and local experts.<br />
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The DEED report is at http://mn.gov/deed/images/top25cities.pdf</div>
Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-598921684782477552014-01-27T11:34:00.001-08:002014-01-27T11:34:30.073-08:00Immigrant Earning Power over $1 trillion in USA<div dir="ltr" style="text-align: left;" trbidi="on">
Equal to the GDP of 17th largest country in the world. See free itunes app - Immigrant Capital.<a class="twitter-timeline-link" data-expanded-url="http://bit.ly/1hCALeC" dir="ltr" href="http://t.co/uvw7BidP2F" rel="nofollow" style="-webkit-text-stroke-width: 0px; background-color: whitesmoke; color: #0084b4; font-family: Arial, sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; orphans: auto; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: pre-wrap; widows: auto; word-spacing: 0px;" target="_blank" title="http://bit.ly/1hCALeC"><span class="js-display-url">bit.ly/1hCALeC</span><span class="invisible" style="font-size: 0px; line-height: 0;"></span><span class="tco-ellipsis"><span class="invisible" style="font-size: 0px; line-height: 0;"> </span></span></a> #iamimmigration, #immigration</div>
Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-59903552858550045382014-01-26T19:41:00.000-08:002014-01-26T19:41:08.124-08:00New free Itunes App - Immigrant Capital <div dir="ltr" style="text-align: left;" trbidi="on">
Looking for a comprehensive framework to analyze the immigration debate today - which all too often focuses on one dimensional arguments? Want data on the economic contributions of immigrants by state at your fingertips? Check out my new APP called "Immigrant Capital" available on itunes for the iphone and the ipad. http://bit.ly/1du2jym<br />
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An android version will be available soon.<br />
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Immigrant capital - immigrants as consumers, workers, entrepreneurs, taxpayers, social capital, cultural capital, global trade networks.</div>
Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-59081613639925416512013-10-19T17:55:00.002-07:002013-10-19T17:55:23.475-07:00Thank You Fr. Kevin - Today in Pioneer Press<div dir="ltr" style="text-align: left;" trbidi="on">
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Sainted</div>
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We are blessed to have Fr. Kevin McDonough as our family pastor at St. Peter Claver Church in St. Paul.</div>
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My experience parallels others in the parish and in the community. In times of personal tragedy, he soothed our aching hearts, opened doors for us and lifted up our spirits.</div>
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Our children love him. He celebrates their spirit and achievements whenever he gets the opportunity to do so. He truly is their spiritual "Father," and we trust him.</div>
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I greatly appreciate the way he relates to immigrants like me: He celebrates our identity, breaks bread with us and our families, and teaches us ways to be successful in Minnesota.</div>
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I have never seen someone address racial justice and equity so effectively -- he celebrates his own identity while working tirelessly to break down barriers that inhibit immigrants and minorities from achieving the American dream.</div>
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I have also seen him use whatever power he has to open doors for those without that access to power and resources.</div>
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I have seen him deal with difficult situations with courage and fairness while upholding the dignity of others.</div>
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My parents visited from India many years ago, and they still remember how much he blessed their lives. </div>
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He reminds me of the early church leaders at the dawn of Christianity who walked "humbly with their God all the days of their lives."</div>
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Thank you, Fr. Kevin.</div>
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Bruce Corrie, St. Paul</div>
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Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-68427190897253516392013-05-16T09:07:00.002-07:002013-05-16T09:07:53.088-07:00Undocumented Students Value to the MN Economy - $1 billion<div dir="ltr" style="text-align: left;" trbidi="on">
It has been reported in the media that fewer than 500 undocumented students would take advantage of the in-state tuition waiver for these students.<br />
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Here is a quick estimate of the value of 250 students with an Associate degree and 250 students with a Bachelor's degree using the Census estimate of the lifetime value of a degree:<br />
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I estimate that these 500 students will bring $1billion in new earnings to the Minnesota economy over their lifetime. ($1.8 million is the lifetime earnings of a Associate's degree; $2.4 million for a Bachelor's degree)<br />
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If we assume they pay the average 11.5 percent tax as the "average citizen" of the MN Tax Incidence Study, then the state can look at a lifetime tax revenue of $121 million.<br />
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Legislators - please note. <br />
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Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-63625918058147733482012-06-24T20:41:00.000-07:002012-06-24T20:41:39.665-07:00Transformation of University Avenue by Immigrant Entrepreneurs<div dir="ltr" style="text-align: left;" trbidi="on">
The <a href="http://www.ethniccapital.com/uploads/1/2/2/9/12297431/the_transformation_of_university_avenue_by_immigrant_entrepreneurs_from_1981_pp.pdf">new report u</a>pdates the 2005 study to bring a thirty year perspective on the six block stretch of University Avenue in Saint Paul.<br />
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,,<span style="background-color: white; font-family: Calibri, sans-serif; font-size: 12pt; line-height: 115%;">the
avenue continues to be an incubator for immigrant entrepreneurship. The area is
becoming increasingly multi-ethnic with a growing presence of African immigrant
and African American entrepreneurs. There is also a constant churning in the
sectors these businesses operate. These entrepreneurs start businesses to take
advantage of economic trends which also make their survival tied to these same
trends – for example the housing boom and bust. We noted in many entrepreneurs
a sense of pessimism as a declining economy has hurt their bottom line and
considerable anxiety over light rail construction.</span><span style="background-color: white; font-family: Calibri, sans-serif; font-size: 12pt; line-height: 115%;"> </span><span style="background-color: white; font-family: Calibri, sans-serif; font-size: 12pt; line-height: 115%;">This was a sharp contrast to our report in
2005 where we found a greater optimism on the avenue, reflected in business
expansion and diversification beyond the avenue. </span><br />
<br />
The report was profiled in a story in the <a href="http://www.twincities.com/stpaul/ci_20919534/st-paul-university-ave-light-rail-brings-anxiety">Pioneer Press</a></div>Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-84255489123045598622012-06-05T19:40:00.003-07:002012-06-05T19:40:55.692-07:00New Website on Ethnic Capital<div dir="ltr" style="text-align: left;" trbidi="on">
Visit the new website - <a href="http://www.ethniccapital.com/">The Dynamic Potential of Ethnic Capital</a> where you will find the latest data on the economic and other contributions of immigrants and minorities in the USA and Minnesota.</div>Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-68367033236308649822012-05-25T05:34:00.001-07:002012-05-25T05:36:26.864-07:00Minority Babies Now Majority<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.blogger.com/%3Cscript%20src=%22//platform.linkedin.com/in.js%22%20type=%22text/javascript%22%3E%3C/script%3E%20%3Cscript%20type=%22IN/Share%22%20data-url=%22http://ethniccapital.com%22%20data-counter=%22right%22%3E%3C/script%3E">Fox 9 News on Minority Trends</a><br />
<br />
At the link you will find a Fox 9 story on the latest news that minority babies are now the majority....a "back to the future" moment for me. We have to look at these new Americans as America's future - what we invest in them will determine America's role in the future global economy. Do we want them to be the best skilled, most innovative and creative talent pool? Do we want them to live in a world free of racial and other barriers to personal progress? The choice is ours!<a href="http://www.ethniccapital.com/"> www.ethniccapital.com</a></div>Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-37443513722060409652012-03-04T08:35:00.001-08:002012-03-04T08:35:04.084-08:00ALANA Capital<div dir="ltr" style="text-align: left;" trbidi="on">
In this feature of <a href="http://www.thelinemedia.com/features/bigpixcorrie102611.aspx">The Line</a> read about the concept of ALANA Capital - a new way to look at the dynamic potential of ALANA (African Latino Asian and Native American) communities in Minnesota.</div>Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-35201444666705349432011-12-02T14:28:00.001-08:002011-12-02T14:30:17.593-08:00ALANA Firms in Minneapolis<div dir="ltr" style="text-align: left;" trbidi="on">
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">There are over 5000 ALANA firms in Minneapolis with $1.3 billion in revenue. There are over 700 employer firms employing over 10,000 people with an annual payroll of $326 million. (Source: Survey of Business Owners, 2007). <span class="Apple-style-span" style="background-color: white; color: #333333; line-height: 20px;">I shared this information at the OneMinneapolis conference at the Minneapolis Convention Center today.</span></span></div>Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-43133464102453087342011-12-02T14:25:00.001-08:002011-12-02T14:26:14.907-08:00ALANA Buying Power $ 2.4 billion in Minneapolis<div dir="ltr" style="text-align: left;" trbidi="on">
ALANA (African Latino Asian and Native American) buying power is an estimated $2.4 billion in Minneapolis. The ethnic economy can be a powerful engine of economic growth in Minneapolis. I shared this information at the OneMinneapolis conference at the Minneapolis Convention Center today.</div>Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-5440289593779321152011-11-26T21:41:00.001-08:002011-11-26T21:44:04.696-08:00Islamic LIBOR rate launched<div dir="ltr" style="text-align: left;" trbidi="on">
The Wall Street Journal reported the launch of an new financial benchmark rate akin to LIBOR that follows the principles of Islamic finance called the Islamic Interbank Benchmark Rate (IIBR). In the past Islamic financial institutions used the LIBOR.<br /><a href="http://online.wsj.com/article/SB10001424052970204443404577054150155788364.html?KEYWORDS=islamic+libor">http://online.wsj.com/article/SB10001424052970204443404577054150155788364.html?KEYWORDS=islamic+libor</a></div>Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-42192556331745567852011-02-09T07:54:00.001-08:002011-02-09T07:56:57.377-08:00BLACK FIRM - RAPID GROWTH IN MN, 2007<p class="MsoNormal">Data released (February 8, 2011) by the Survey of Business Owners, 2007 as part of the Economic Census reveals the rapid growth of Black firms in Minnesota. There were 12, 454 Black firms in Minnesota, 617 of which had employees with receipts of $917 million and employing 10,746 people with an annual payroll of $258 million.</p> <p class="MsoNormal">Most of these firms had receipts less than $50,000.<span style="mso-spacerun:yes"> </span>There were 265 firms with receipts greater than $500,000 with 118 of the firms having receipts over a million dollars.</p> <p class="MsoNormal">The top five sectors were: <span style="mso-spacerun:yes"> </span>Health Care and Social Assistance, followed by Transportation and Warehousing, Professional and Technical Services, Administrative and Support<span style="mso-spacerun:yes"> </span>and Waste Management and Remediation Services and Retail Trade. The top sectors in terms of receipts were Retail, Administrative Support and Waste Management and Remediation, Health Care and Social Assistance and Professional and Technical Services. The top sectors in terms of employment were Health Care and Social Assistance, <span style="mso-spacerun:yes"> </span>Administrative and Support and Waste Management and Remediation followed by Accommodation and Food Services. These three sectors plus Information were the largest in terms of annual payroll.</p> <p class="MsoNormal">Between 2002 and 2007 the number of Black firms in Minnesota grew by 58.9% compared to 12 percent for all firms in Minnesota. During the same period receipts grew by 34.5 percent. </p> <p class="MsoNormal">9.7 percent of all firms in Minneapolis were Black Firms. 5.2 percent of all firms in Hennepin County were Black firms. Minneapolis ranked 29<sup>th</sup> for the number of Black firms out of 50 of the largest cities in the country. Hennepin County ranked 36<sup>th</sup> for the number of Black firms out of 50 of the largest counties in the country.</p><p class="MsoNormal">For more information please visit <a href="http://ethnictrends.info/MarketResearch.html">http://ethnictrends.info/MarketResearch.html</a>. </p>Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-49655877764094983552011-02-04T06:55:00.001-08:002011-02-04T06:56:20.838-08:00Black Firms - Largest Minority Group of Firms in MN<span class="Apple-style-span" style="font-family: arial, sans-serif; font-size: 13px; border-collapse: collapse; "><p class="MsoNormal" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; ">Black Firms were the largest group of minority firms in Minnesota. There were 12,454 Black firms in Minnesota in2007. The number of Black firms grew by 59 percent between 2002 and 2007 (compared to 12 percent for all firms in Minnesota) according to preliminary estimates from the Survey of Business Owners. These firms had receipts close to a billion dollars and employed almost 5000 people in Minnesota. <span> </span></p><p class="MsoNormal" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; "><span>
</span></p><p class="MsoNormal" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; ">Nationally there are almost 2 million Black firms in the United States with an estimated $137 billion in sales.</p><p class="MsoNormal" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; ">
</p><p class="MsoNormal" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; ">The Survey of Business Owners is expected present a complete report of Black firms in Minnesota next week.</p></span>Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-3346262484827592652011-02-04T05:21:00.000-08:002011-02-04T05:34:42.397-08:00Black Talent in Rural MNAccording to this user friendly site <a href="http://chronicle.com/article/Adults-With-College-Degrees-in/125995/">http://chronicle.com/article/Adults-With-College-Degrees-in/125995/</a>:<div>
</div><div>The percentage of Blacks with a Bachelor's degree was higher than the state and national average for Blacks and higher than the white percentage in the following counties: Cass, Todd, Carlton, Kanabec, Isanti, McLeod, Carver, (Washington), Nicollet, Dodge, Pipestone, Rock, Nobles and Jackson. There is a small Black population in these areas but as the data shows - relatively higher human capital.</div>Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-14912176082412908572010-12-23T14:50:00.001-08:002010-12-23T14:54:26.143-08:00Latino Businesses - Rapid Growth in Hennepin County<strong>Latino Firms – Rapid engine of growth in Hennepin County
</strong>Bruce P. Corrie, PhD
Professor of Economics, Concordia University
<a href="http://www.ethnictrends.info/MarketResearch.html">www.ethnictrends.info/MarketResearch.html</a>
<a href="mailto:corrie@csp.edu">corrie@csp.edu</a>, Tel: 612 321 8263
Latino firms are a rapid engine of growth in Hennepin County according to the latest data from the Economic Census, 2007.
During the period 2002-2007 the number of Latino firms grew by 26 percent and their revenue by 545 percent.
There were 1609 Latino firms in Hennepin County with $1.01 billion in revenue.
They employed almost 4000 people with an annual payroll of $136 million – an 84 percent increase in employment and 222 percent increase in annual payroll during the same period.
For more details see: <a href="http://www.ethnictrends.info/MarketResearch.html">www.ethnictrends.info/MarketResearch.html</a>Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0tag:blogger.com,1999:blog-12018542.post-76303648741894513682010-12-22T10:11:00.000-08:002010-12-22T10:12:38.532-08:00Minority Firms Continue Rapid Growth in MN<p class="MsoNormal" align="center" style="text-align:center"><b style="mso-bidi-font-weight: normal"><span style="font-size:16.0pt;line-height:115%">Latest Data Reveal Rapid Growth Continues for Minority Firms in Minnesota..<i style="mso-bidi-font-style: normal"> MN Latino Business Revenue Grew 250 percent – Second Highest in the Nation</i><o:p></o:p></span></b></p> <p class="MsoNormal"><span style="font-size:14.0pt;line-height:115%">Bruce P. Corrie, PhD
Professor of Economics, Concordia University
</span>http://ethnictrends.info/MarketResearch.html<span style="font-size:10.0pt; line-height:115%">
corrie@csp.edu, Tel: </span><span class="apple-style-span"><span style="font-size:10.0pt;line-height:115%;font-family:"Arial","sans-serif"; color:black">612 321 8263<o:p></o:p></span></span></p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal"><a name="OLE_LINK1"></a><a name="OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="font-size:12.0pt;line-height:115%">Latest data on ALANA (African Latino Asian and Native American) firms in Minnesota (Economic Census 2007) reveals some interesting trends:<o:p></o:p></span></span></a></p> <p class="MsoListParagraphCxSpFirst" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><!--[if !supportLists]--><span style="font-size:12.0pt;line-height:115%;font-family:Symbol;mso-fareast-font-family: Symbol;mso-bidi-font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]--><span style="font-size:12.0pt;line-height:115%">Ranked by revenue, minority firms as a group would be the 15<sup>th</sup> largest in the state with total revenue of $5.8 billion in 2007, larger than St. Jude Medical, Toro and Deluxe Corporation. Asian owned firms would rank the 22<sup>nd</sup> largest with revenue of $2.4 billion.<o:p></o:p></span></span></span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><!--[if !supportLists]--><span style="font-size:12.0pt;line-height:115%;font-family:Symbol;mso-fareast-font-family: Symbol;mso-bidi-font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]--><span style="font-size:12.0pt;line-height:115%">Ranked by employees, minority firms as a group would be the 9<sup>th</sup> largest employer, bigger than General Mills, Ecolab and Hormel, employing almost 40,000 with an annual payroll of $1.1 billion.<o:p></o:p></span></span></span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><!--[if !supportLists]--><span style="font-size:12.0pt;line-height:115%;font-family:Symbol;mso-fareast-font-family: Symbol;mso-bidi-font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]--><span style="font-size:12.0pt;line-height:115%">The number of minority firms grew by 43 percent between 2002-2007 compared to 12 percent for all firms in Minnesota. Black owned firms were the largest number of minority firms followed by Asian owned firms.<o:p></o:p></span></span></span></p> <p class="MsoListParagraphCxSpLast" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><!--[if !supportLists]--><span style="font-size:12.0pt;line-height:115%;font-family:Symbol;mso-fareast-font-family: Symbol;mso-bidi-font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]--><span style="font-size:12.0pt;line-height:115%">Revenue of minority firms grew by 83 percent between 2002-2007 compared to 30 percent for all firms in Minnesota. Revenue of Latino firms grew by 248 percent during this time period – the second highest growth in the nation. Revenue of Native American firms grew 72 percent.<o:p></o:p></span></span></span></p> <p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark: OLE_LINK1"><span class="apple-style-span"><span style="font-size:12.0pt; line-height:115%;color:black">Minnesota – time for a new vision – ALANA Capital can make Minnesota a Global Competitor. These firms are rebuilding the inner city, expanding the high tech corridors and creating jobs and wealth in Minnesota.<o:p></o:p></span></span></span></span></p> <p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark: OLE_LINK1"><span class="apple-style-span"><span style="font-size:12.0pt; line-height:115%;color:black">For more details and updated reports please visit - </span></span>http://ethnictrends.info/MarketResearch.html<span class="apple-style-span"><span style="color:black"><o:p></o:p></span></span></span></span></p> <p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark: OLE_LINK1"><span class="apple-style-span"><span style="font-size:12.0pt; line-height:115%;color:black">
(Data is from the Economic Census 2007, preliminary estimates)</span></span></span></span><o:p></o:p></p>Bruce P Corrie, Ph.Dhttp://www.blogger.com/profile/00130533684746249898noreply@blogger.com0