[...] Blacks, who make up about 12 percent of America's population remain underrepresented among business owners, even though they are better-educated than before and more likely to offer highly skilled services.Also, blacks more often conduct businesses on a part-time basis in addition to a full-time job, so their revenues can be substantially lower compared to all small firms.
Interestingly, the states with the highest black business-ownership rates are those with very small African-American populations. Vermont ranks first, followed by Montana, New Hampshire and then Maine.
In all of these states, blacks represent barely 1 percent of the population. My guess is that these states, despite their lack of ethnic diversity, have a strong independent entrepreneurial streak. They thrive on smaller businesses and specialized services and products. [...]
| That's what jumped out at me in Leigh Donaldson's Maine Today article "Black-owned businesses thrive in country and state"
posted in articles on May 28, 2007 10:51 AM | t (0)
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