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Lists & Rankings — Best Cities For Minority Entrepreneurs

March 25, 2011 Comments off

Best Cities For Minority Entrepreneurs
Source: Forbes

There are essentially three ways of dealing with America’s tattered balance sheet and mounting financial obligations: curbing social services, hiking taxes and generating real, sustainable economic growth–and the first two aren’t exactly palatable.

As for growth, minority entrepreneurs are playing an increasingly important role. Just one data point: In 2010 immigrants accounted for nearly 30% of new business owners, versus 13% in 1996, according to the Kauffman Foundation.

In Atlanta, where half the residents are African American, a host of Hispanic and Asian entrepreneurs have set up shop over the last decade. Atlanta now boasts the second-highest percentage of self-employed minorities among the top 52 metropolitan areas with populations greater than 1 million.

That statistic–combined with a growing population, increasing household incomes and affordable housing–puts Atlanta atop our list of best metro areas for minority entrepreneurs, assembled with help from economist-demographer Joel Kotkin, author of The Next Hundred Million: America in 2050.

Categories: Asians, Forbes, Hispanics, lists and rankings, race, small business and entrepreneurship
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