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Latinos and blacks more entrepreneurial

13:18 H | Topics: Business - Race

According to a Florida International University study, Latinos and blacks are more likely to be entrepreneurs than the rest of the population. From Black Enterprise:

According to Entrepreneurship in the U.S., a report by Florida International University, blacks are more inclined than whites of the same gender or educational background to start a business. Among blacks, those with college degrees or graduate experience are most likely to be involved in a business startup.

The dramatically higher entrepreneurial tendency is true only for startup businesses, those with no payroll history for more than three months. For new businesses, those running three to 42 months, degreed blacks and Hispanics have a smaller lead in probability of business participation over their white peers. For established firms, those operating more than 42 months, degreed blacks and Hispanics have similar or lower probabilities of participation than their white peers.

The article also suggests that the corporate "glass ceiling" may be a source of frustration for black and Latino business people, compelling them to start their own business endeavors.

Via / Black Enterprise

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