Small Business Statistics: Inspirational Facts and Statistics - New CreditDonkey Compilation
Los Angeles, CA (PRWEB) July 18, 2013 -- With business-media coverage consumed by persistent unemployment, housing market woes, and government budget cuts, many stories are not getting told – those of the fast-growing role of women, immigrants, and minorities in forming successful small businesses. To draw attention to this trend, CreditDonkey.com recently published five sets of fact-filled, accessible infographics, based on publicly available data, that highlight the growing influence of these demographic groups on the nation’s economy.
“Politicians and pundits are always talking about small business but usually in abstract terms,” said Charles Tran, founder of CreditDonkey, a credit card comparison and financial education website. “We rarely get a sense of the people who are starting their own companies and how they’re changing American business. What we discovered is that immigrants, Asian-Americans, African-Americans, military veterans, and women are playing outsize, but little known, roles in shaping our economic future.”
To put these findings into perspective, CreditDonkey created visual features and charts to highlight the key points and influences these groups of small-business owners have on our economy. For example, did you know the following facts …
• Immigrant entrepreneurs launch businesses at more than twice the rate of native-born residents, and immigrants represent 33% of bachelor's degree holders in engineering fields. Read more statistics about immigrant entrepreneurs.
• Asian entrepreneurs accounted for more than $500 billion in sales in 2007, and employed nearly 3 million people. This diverse group has a varied presence in the United States – 7.4 percent of U.S. Asian-owned firms are in Texas, for example. Read more facts about Asian entrepreneurs.
• African-American-owned businesses have outpaced the rest of the country’s businesses in terms of growth. Between 2002 and 2007, their gross receipts increased by 55 percent. Other businesses grew by just 21 percent during that time. Read more black business statistics.
• Between 1997 and 2007, the number of companies owned by women grew at twice the rate of those owned by men. However, only 3.9 percent of all business receipts are attributed to women-owned businesses. Read more about women in business statistics.
• Nine percent of all U.S. companies are veteran-owned businesses. Just over half of those business are home-based (55.4 percent). For more statistics on veteran-owned business, visit CreditDonkey.
To see more small business facts and trends, visit CreditDonkey.com.
CreditDonkey.com is a credit card comparison and financial education website. CreditDonkey.com publishes credit card news, trends, and analysis to help consumers and small business owners make savvy financial decisions.
Charles Tran, CreditDonkey, http://www.creditdonkey.com/, (866) 586-2488 7024, [email protected]
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