Entrepreneurship

Minority-owned businesses: Houston has the fifth highest percentage of minority startups in the nation

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HOUSTON, Texas — Both Houston and the state of Texas earned high rankings on a recent study by Self Financial that looked at the percentage of minority-owned startups in regions across the U.S.

“Today, there are nearly 170 thousand minority-owned startups in the U.S., employing over 700 thousand people and generating close to $100 billion in annual revenue,” the report said. “Based on demographic trends, these numbers are likely to grow as the population continues to diversify on racial and ethnic lines.”

According to the report, about 30 percent of startups in Greater Houston are minority-owned. This is the fifth highest percentage in the country. There are nearly 5,600 minority-owned startups in the MSA, employing more than 22,700 people and bringing in more than $3.1 billion annually, the report found.

The video above is from a previous related story.

For more on this story, visit our partners at Houston CultureMap.

Read more at abc13.com

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