American Indian/Native American Small Businesses: A Profile
Firms owned by American Indian/Native Americans are .9% of US small businesses and 4.3% of registered federal contractors; 49.9% are in construction related trades.
Firms owned by American Indian/Native Americans are .9% of US small businesses and 4.3% of registered federal contractors; 49.9% are in construction related trades.
Asian businesses are 5.7% of US small businesses and 10.3% of federal contractors. They are heavily concentrated in professional, technical industries (over 36%) and they earn $2.7 million annually.
Blacks spend just 6 cents of every dollar with black-owned businesses. By increasing this to12 cents, 1/2 million more black jobs might be created and the unemployment rate might decrease to 10.4%.
The cause of high unemployment is not the lack of job skills, it is the lack of jobs. Almost 75% of the jobs that have not been restored are in construction, retail and manufacturing; 22% of the unemployed are black workers.
The unemployment crisis is primarily caused by our inability to create enough job creating innovative companies. In addition, to create jobs we need to first solve the housing crisis.
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