First To The Starting Line

Educated blacks and Hispanics more likely to start businesses, but money woes squash dreams

black and Latino managers to exit corporate jobs and start businesses. When their new success attracts upgraded employment opportunities, those who are not entrepreneurs at heart close shop to resume corporate careers. Reynolds agrees: “Well-educated minorities may have other attractive work options, which compete with pursing their startups.”

SIZE OF INVESTMENT

ETHNIC BACKGROUND Up to $5,000 $5,000- $15,000 $15,000- $20,000 $20,000- $100,000 $100,000 & UP ALL
White 66% 76% 74% 84% 91% 75%
Black 20% 6% 14% 12% 12%
Hispanic 12% 6% 3% 3% 6%
Other 2% 11% 9% 5% 6% 6%

 

SOURCE: ASSESSMENT 2004: ENTREPRENEURSHIP IN THE U.S.

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