Keywords: minority entrepreneurs, entrepreneurship, USA, United States, self-employment, economic well-being, minority business, racial groups, ethnic groups, social-economic class, globalisation
Minority entrepreneurship in the USA
This paper provides statistics to illustrate the minority entrepreneurship in the USA from various perspectives and data sources. While many successful stories have been told, most of minority entrepreneurs are still wrestling in the business-economic obscurity in the USA. Studies have shown a positive relationship between business ownership and economic well-being of US people. Also, statistics have consistently shown that there is a disadvantaged group along racial, ethnic and social-economic class lines. The poor groups usually have lower business ownership. Therefore, continuously fostering minority entrepreneurship and encouraging minority business ownership should be considered as one of most effective economic policies.