Minority entrepreneurship and business ownership rates are at record levels in the US.
This week, new data from LendingTree found out where, exactly, in America these minority-owned businesses are thriving the most. Most signs in the data point to California. Of the top 10 cities in the US, 4 are in the Golden State. San Francisco tops the list of best cities for minority entrepreneurs.
San Jose, Calif., is close behind in second and Washington, D.C., finished third in the LendingTree list.
Here’s the full Top 10 list of Best Cities for Minority Entrepreneurs, according to LendingTree:
- San Francisco
- San Jose, Calif.
- Washington, D.C.
- Los Angeles
- Portland, Ore.
- Sacramento, Calif.
The data shows that it’s not just the west coast that’s a thriving hub for these business owners. Check out the presence of Rust Belt cities like Pittsburgh and Cincinnati, too. Check out the full report to see what’s to account for their presence on the list.
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This article, “Top Small Business Story: Bay Area and Rust Belt Lead Nation in Minority Owned Businesses” was first published on Small Business Trends