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Minority business numbers growing by double digits

Saturday, January 16, 2016
Crain's Chicago Business
by Katherine Davis

The number of minority-owned businesses increased by 30 percent in Cook County from 2007 to 2012, according to the U.S. Census Bureau, while the number of nonminority-owned businesses shrank by 2 percent. Despite that growth, average yearly salaries at minority-owned employers are $15,000 less than those at nonminority-owned firms.

Note: Minority includes black, Asian and Hispanic. Business owners self-identify and could choose all that apply. Data exclude publicly traded companies.

Source: U.S. Census Bureau



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