Inc.com tells us that "Asian-owned firms grew 24% between 1997 and 2002" and "Over the same five-year period, the number of black-owned businesses grew 45%, while Hispanic-owned businesses grew 31%. The national average for all businesses was 10%."
What is driving this growth in one ethnic group vs. another….education, technology, geographic location or local economics? "Ronald Langston, national director of the Commerce Department’s Minority Business Development Agency, attributes the growth largely to education and technology."
It's quite encouraging to learn that entrepreneurs (without labelling ethnicity) are steaming ahead with business ideas…I like that message.