Minority entrepreneurship

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.

17th Annual Asian Small Business Expo features resources to help Asian businesses grow

Government officials, business leaders and community members gathered in Arcadia, California on Wednesday, August 31 to announce the upcoming 17th Annual Asian Small Business Expo. Organized annually by the Asian Pacific Islander Small Business Program (API SBP), the expo on Saturday, September 10 bears the theme, “Recipes for Growth.”  Activities that day include a women’s entrepreneur panel and workshops to guide business owners and aspiring entrepreneurs on how to succeed in their respective fields.

Ghanaian Company Invests $9M in Failing Black Chicago Bank, Urges Africans and African-Americans to Help One Another

A Ghanaian firm stepped in right on time as a Black-owned Bronzeville bank was on the verge of collapsing. Groupe Nduom of Ghana invested a whopping $9M into the failing Illinois Service Federal Savings and Loan Association, now known as ISF Bank, Ghana Web reports. The bank was in search of capital to revive its struggling operations.