Bureau of Business Research
Date of this Version
10-2001
Citation
Business in Nebraska vol. 56, no. 661
Abstract
The latest Nebraska statistics on minority·owned businesses show that minorities owned 4,678 firms, em· ployed 8,558 workers, paid out $140 million in payroll, and contributed $516 million in gross revenues to the state's economy in 1997. Minority-owned businesses are those owned by African Americans, Hispanics, Asians/Pacific Islanders, or American Indians/Alaska Natives. Minorityowned businesses primarily were concentrated in a few counties, especially in the stale's urban counties (Figure 1).
The number of minority·owned businesses in Ne· braska grew by 48 percent during the 1992-1997 period, which was more than four times faster than the growth in the total number of nonfarm businesses in the state, increasing from 3,138 in 1992 to 4,678 in 1997. Employment grew 142 percent in minority-owned businesses, over eight times faster than the state's total nonfarm business employment growth. The largest share of the growth was in businesses owned by Asians/Pacific Islanders.
Comments
Copyright 2001 by Bureau of Business Research, University of Nebraska.