The State of Minority Owned Small Business

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Information about The State of Minority Owned Small Business

Published on March 16, 2016

Author: ExperianBIS


1. AVERAGE CONSUMER INCOME $92,489 AT LEAST SOME COLLEGE EXPERIENCE 65.6% © 2016 Experian Information Solutions, Inc. • All rights reserved Experian and the Experian marks used herein are trademarks or registered trademarks of Experian Information Solutions, Inc. Other product and company names metioned herein are the property of their respective owners. 03/16 • 7621-CS The analysis is based on a statistically relevant sampling of data from Experian’s consumer and business credit database from December 2015. The sample was based on a select business population where ethnic background was identifiable. Average scores are an average of the sample and are not representative of national averages of the consumer or small business. Ethnic background was obtained from Ethnic Technologies, a provider of multicultural marketing data, ethnic identification software and ethnic data appending services. *Based on a scale of 1 to 100 (with 100 being least risky); predicts the likelihood of severe delinquency (more than 91 days past due) within the next 12 months SMALL BUSINESSA SNAPSHOT OF MINORITY-OWNED SMALL BUSINESSES IN TODAY’S ECONOMY As part of its analytical series on small businesses, Experian,® the leading global information services company, today announced a new analysis that offers insights into the health of minority-owned small businesses. THE STATE OF TEXAS 10.1% FLORIDA 11.4% CALIFORNIA 23.4% HOW THEY SCORE WHERE THEY ARE LOCATEDWHERE THEY ARE LOCATED 45% OF MINORITY-OWNED SMALL BUSINESSES ARE BASED IN: NEARLY 21% OF SMALL BUSINESSES ARE MINORITY-OWNED 45% OF MINORITY-OWNED SMALL BUSINESSES ARE BASED IN: NEARLY 7.0% OF MINORITY-OWNED SMALL BUSINESSES ARE HOME-BASED THE INDUSTRY OF PREFERENCE FOR MINORITY SMALL-BUSINESS OWNERS IS EATING PLACES 7.3% BEAUTY SHOPS LEGAL SERVICES BUSINESS SERVICES EATING PLACES REAL ESTATE 2.9% 5.8% 2.7% 2.5% MOST POPULAR INDUSTRIES 707707AVERAGE CONSUMER CREDIT SCORE 49.749.7AVERAGE BUSINESS CREDIT SCORE • 21% OF SMALL BUSINESSES ARE MINORITY-OWNED - of that - INCOME EDUCATION LEARN MORE ABOUT THE ANALYSIS URL TBD LEARN MORE ABOUT BUSINESS CREDIT WWW.EXPERIAN.COM/BUSINESSCREDITREPORT

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