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Creative Investment Report on the State of Minority Business

WASHINGTON - March 11, 2022 - PRLog -- In light of current challenges to the business environment, we have experienced a renewed focus on minority-owned small businesses. The renewed attention has also led to the development of new public and private sector datasets concerning minority owned firms, including our data on corporate pledges to Black Lives Matter.

To understand the current state of minority-owned small businesses and the challenges they face. Creative Investment is pleased to announce that we have published an update with the latest minority-owned small business data. We have also outlined data-informed policy proposals that would benefit this sector of the small business community. Some of our findings include:

1. "Lower profit margins among Black- and Hispanic-owned businesses implies less earnings available to reinvest in the firm or save for emergencies." Policies that increase profit margins for minority firms, like tax rebates, are critical.

2. According to survey data, "Black-owned firms were three times more likely to say that they did not apply for financing because they were discouraged than because they had sufficient financing."

Contents:
  1. Owner Race by Industry
  2. Difference in Black Ownership by Industry
  3. Median Revenue for Minority Small Businesses
  4. Difference in Median Revenue for minority firms vs white firms
  5. Black/White 1st Year Revenue Gap by Industry
  6. Median Profit Margins during first five years by race
  7. Exit Rate by Year, Race
  8. Differences in Exit Rates, by Race
  9. Why Firms Applied for Financing (% of applicant firms)
  10. Share of Minority Firms Receiving All Financing Sought
We note that, post George Floyd, policy makers, business advocates, executives and others have requested current, real time information on the state of minority-owned small businesses. This interest led to the publication of Thriving As a Minority-Owned Business in Corporate America: Building a Pathway to Success for Minority Entrepreneurs (released by Apress Books and available on Amazon).

The report includes a copy of all new minority business datasets as well as a copy of our new book, Thriving As a Minority-Owned Business in Corporate America: Building a Pathway to Success for Minority Entrepreneurs, This comprehensive report costs $450 ($999 with included consultation and extended dataset) and can be purchased for immediate delivery via PayPal. 

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