In 2019, minority-owned businesses were predominantly owned by which group?

In 2019, minority-owned businesses were predominantly owned by which group?

• A. African Americans
• B. Asian Americans
• C. Hispanic Americans
• D. Native Americans

Answer: (B)

In 2019, Asian American owners represented the largest share of minority-owned businesses. This reflects higher entrepreneurial activity within many Asian American communities, including a strong presence of immigrant entrepreneurs who start small businesses across diverse sectors such as services, retail, and professional industries. When you look at all minority-owned firms together, Asian American-owned firms make up the largest portion, more so than Hispanic, African American, or Native American-owned firms. The key takeaway is that, for that year, Asian American ownership was the most common among minority-owned businesses.

In 2019, Asian American owners represented the largest share of minority-owned businesses. This reflects higher entrepreneurial activity within many Asian American communities, including a strong presence of immigrant entrepreneurs who start small businesses across diverse sectors such as services, retail, and professional industries. When you look at all minority-owned firms together, Asian American-owned firms make up the largest portion, more so than Hispanic, African American, or Native American-owned firms. The key takeaway is that, for that year, Asian American ownership was the most common among minority-owned businesses.