Which group accounted for the largest ownership share among minority-owned businesses in 2015?

Which group accounted for the largest ownership share among minority-owned businesses in 2015?

• A. Asian Americans
• B. African Americans
• C. Hispanic Americans
• D. Native Americans

Answer: (A)

When we look at ownership shares among minority-owned businesses, we’re counting how many firms are owned by each racial or ethnic group. In 2015, Asian Americans owned the most minority-owned firms. This reflects a relatively high rate of entrepreneurship within that group and a concentration of Asian American business owners in sectors with many small to mid-sized firms, plus a sizable Asian American population. So even though other groups may be larger in population, the number of Asian American-owned firms was greater, giving them the largest share. Native Americans typically have a smaller share due to smaller population and different economic conditions, while Hispanic and African American ownership, though significant, did not exceed Asian American ownership in that year.

When we look at ownership shares among minority-owned businesses, we’re counting how many firms are owned by each racial or ethnic group. In 2015, Asian Americans owned the most minority-owned firms. This reflects a relatively high rate of entrepreneurship within that group and a concentration of Asian American business owners in sectors with many small to mid-sized firms, plus a sizable Asian American population. So even though other groups may be larger in population, the number of Asian American-owned firms was greater, giving them the largest share. Native Americans typically have a smaller share due to smaller population and different economic conditions, while Hispanic and African American ownership, though significant, did not exceed Asian American ownership in that year.