In 2019, minority-owned businesses were predominantly owned by which group?

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Multiple Choice

In 2019, minority-owned businesses were predominantly owned by which group?

Explanation:
In 2019, Asian American owners represented the largest share of minority-owned businesses. This reflects higher entrepreneurial activity within many Asian American communities, including a strong presence of immigrant entrepreneurs who start small businesses across diverse sectors such as services, retail, and professional industries. When you look at all minority-owned firms together, Asian American-owned firms make up the largest portion, more so than Hispanic, African American, or Native American-owned firms. The key takeaway is that, for that year, Asian American ownership was the most common among minority-owned businesses.

In 2019, Asian American owners represented the largest share of minority-owned businesses. This reflects higher entrepreneurial activity within many Asian American communities, including a strong presence of immigrant entrepreneurs who start small businesses across diverse sectors such as services, retail, and professional industries. When you look at all minority-owned firms together, Asian American-owned firms make up the largest portion, more so than Hispanic, African American, or Native American-owned firms. The key takeaway is that, for that year, Asian American ownership was the most common among minority-owned businesses.

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