Houston Ranks No.1 for Minority Entrepreneurs
Style Magazine Newswire | 5/5/2017, 3:25 p.m.
Source: Chron.com
Prominent local business leaders said Tuesday it's nice to see the rest of the country take note of something they've felt for quite a while: Houston is the best place in the nation to be a minority entrepreneur. The city recently ranked No. 1 among U.S. cities for cultivating minority-owned businesses, based on such factors as the number and percentage of businesses, the opportunity for finding customers here and the rate at which startups are launched. Researchers also cited a low cost of living that makes it easier for non-Anglo entrepreneurs to thrive. Houston ranked at the top, with Dallas and Austin also represented in the top 10, according to the list generated by research group Expert Market. The study found that across the country, 40 percent of new entrepreneurs in 2016 were African-American, Latino, Asian or another non-white ethnicity. The number of Hispanic entrepreneurs has doubled since 1996, Expert Market found.
