Insights into the world of small business lending and development

Minority-owned businesses plentiful in Seattle, but diversity is elusive

While Seattle is above average in the percentage of businesses owned by people of color, the great majority of those businesses — 73 percent — have Asian ownership.

Blacks and Hispanics make up about 15 percent of the population in the Seattle metro area — but they own less than 5 percent of the businesses, according to data released Thursday by the Census Bureau. Whites and Asians, on the other hand, are overrepresented as local business owners.
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