Hello from ALEX Labs. Houston ranked #5 in Minority Start Ups compared to 15 largest US metro markets by Self.inc. Houston ranked #4 in Minority Start Ups compared to 15 largest US metro markets by ALEX Labs.
From:
| Self.inc. Cities with the Most Minority Owned Start Ups: https://www.self.inc/blog/cities-with-the-most-minority-owned-startups |
CITIES WITH THE MOST MINORITY OWNED START UPS
“…Minorities are underrepresented in the startup economy relative to their share of the population. Non-Hispanic whites, who represent around 60 percent of the U.S. population, own nearly 80 percent of the nation’s startup businesses. In contrast, Hispanics of any race represent 18 percent of the population and 7 percent of startup owners, while for Black Americans those figures are 12 percent and 3 percent, respectively…
…Areas with large minority populations also tend to have higher concentrations of minority-owned startups, minorities remain underrepresented in small business ownership relative to their population levels. To show this trend, researchers at Self Financial used Census data to calculate the percentage of startup businesses—defined as firms less than two years old—that are minority-owned and the minority population share in each metro area. Researchers also included each metro’s total number of minority-owned startups, along with their number of employees and total annual sales…”
HOUSTON KEY FINDINGS
Data and statistics from Self.inc. Cities with the Most Minority Owned Start Ups. Rankings by ALEX Labs. Graphics by ALEX Studios.
THE TOP 15 US METRO AREA NUMBERS
Data and statistics from Self.inc. Cities with the Most Minority Owned Start Ups. Rankings by ALEX Labs. Graphics by ALEX Studios.
ALEX Labs’ “Total Raw Score” is the sum of the ranks for each of the categories reported in the table above. The lowest Raw Score equals the highest rank
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