Minnesota Ethnic Firms
Minority and immigrant firms are growing rapidly at a faster rate than the overall national growth rate. Minorities and immigrants chose entrepreneurship for a variety of reasons: entrepreneurial spirit, first entry into the American economic system, ethnic niche market, or experience with discrimination in the work place.
Latest Census Data from the Survey of Business Owners 2002 reveal that there are 22,263 minority firms in Minnesota with $3.2 billion in sales. 3497 of these firms had employees employing 31, 474 people with an annual payroll of 819 million dollars. Minority firms in Minnesota grew by 44 percent during 1997-2002 as compared to a growth rate of 8 percent of all firms. Minority firms as a total of all firms increased from 3.7 percent in 1997 to 5 percent of all firms in 2002.
Black and Asian firms in Minnesota were among the top 10 in the nation in terms of growth in number of firms between 1997 and 2002. American Indian firms were 13th in the nation in terms of growth of firms during the same period.
Meet Immigrant Entrepreneurs
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Models of Ethnic Entrepreneurship
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