From 2007 to 2012, there was a drop in business startups in all but one category – Entrepreneurs of color. Entrepreneurs of color employ more employees than Mayo Clinic (39,000) with 47,565 people employed. They created 63,000 jobs. Entrepreneurs of color are an untapped resource for Minnesota, and will drive the future growth of the state. These businesses are providing employment opportunities for individuals to become gainfully employed and in the future become entrepreneurs themselves. We must now examine how we can support these entrepreneurs going forward
Listen to Minority Businesses in Minnesota: Report and Conversation with renowned Minnesota economists Dr. Bruce Corrie and Dr. Samuel Myers. They discuss the latest data on minority businesses in Minnesota with community leaders at Concordia University-St. Paul in September 2015.