Document Type
Report
Publication Date
9-16-2019
Research Center
Center for Economic Development
Abstract
This report provides insight on minority business ownership in the 5-county Cleveland-Elyria Metropolitan Statistical Area (Cleveland MSA) using data from the 2007 and 2012 U.S. Census Bureau Survey of Business Owners. Minority-owned businesses in the Cleveland MSA represented 20% of all firms in 2012. The majority of these firms, 71%, were owned by African American entrepreneurs (24,618), while 14% (4,959 firms) were Asian-owned. Overall, Asian firms have higher combined sales than African American firms ($1.9 billion versus $972 million); resulting in higher sales per firm. Targeted public policies assisting in revenue generation in the African American business community can increase wealth and economic inclusion.
Repository Citation
Lendel, Iryna, "Examining Inclusive Growth: Minority-Owned Firms in the Cleveland-Elyria MSA Brief" (2019). All Maxine Goodman Levin School of Urban Affairs Publications. 0 1 2 3 1622.
https://engagedscholarship.csuohio.edu/urban_facpub/1622
