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2006/08/25

Minority-owned small business a national trend

During the picnic with the mayor at the end of July, we noted that the biggest growth in business in the city was small businesses, most of them women- and minority-owned.

Great news.

And not only is it great news for Syracuse, it's not even unique to the area. USA Today has a piece about the national trend of minority women starting their own businesses. Awesome!

Jill does note, however, that much like in the corporate world, where women frequently earn less than men for doing the same work, minority-run businesses owned by women take in less revenue than those owned by men.

What I'm not sure of, of course, is if that trend has anything to do with the varying industries in which women and men may choose to start businesses, but I'm betting that even across similar industries, those numbers hold up.

USAT article via Broadsheet.
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