10
Financing for Minorities and Women
Introduction
Minority- and women-owned firms are powerful economic forces in the small-business world. Minority-owned businesses nearly doubled from 2007 to 2017, to over 11 million companies.1 The most recent Survey of Business Owners, completed by the US Census Bureau in 2017 (which reports on 2015 data), shows that:
• Over 996,000 minority firms had at least one employee.2
• Minority-owned employer companies generated $1,168,500,000 in annual revenue and employed 8 million people.3
The job creation by minority entrepreneurs is one of the reasons I repeatedly state that they are my heroes and she-roes! They tend to hire a larger percentage of minority employees than nonminority entrepreneurs do. Thus, ...
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