CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Households with Savings Accounts

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Business Value by Race

Reports & Graphics

Definition

Ratio of the average business value, in terms of sales and receipts, of white, non-Hispanic-owned businesses to businesses owned by workers of color (Black or African-American; American Indian and Native Alaskan; Asian; Native Hawaiian and other Pacific Islander; Hispanic or Latino), 2007. Business ownership is defined as a business in which white workers or workers of color own 50% or more of the equity, interest or stock of the business.

Calculated by dividing the higher value by the lower value, i.e., the business value of white-owned businesses divided by those owned by workers of color.

A ratio of 1 indicates perfect equality; the higher the ratio, the greater the inequality. For example, the value of businesses owned by white workers in Louisiana is 4.7 times higher than for businesses owned by workers of color.

Description

Business ownership is a fundamental engine for wealth creation, and the value of these businesses, measured in annual sales, can demonstrate the extent of the profitability of the business and the potential for wealth creation. Not only do workers of color own businesses at a rate less than white workers, the value of white-owned business is far greater than that of businesses owned by workers of color, on average in every state. For example, the average sales and receipts of businesses owned by white workers in Mississippi is more than six times higher than for businesses owned by workers of color. 

toggle page width

Business Value by Race

StateAverage Receipts from
White-Owned
Businesses ($)
Average Receipts from
Businesses Owned by
People of Color ($)
RatioRank
United States  $483,289  $182,964  2.64   
Alabama  $497,640  $96,234  5.17  50 
Alaska  $433,587  $165,625  2.62  28 
Arizona  $449,644  $176,501  2.55  24 
Arkansas  $440,083  $120,835  3.64  47 
California  $529,061  $238,746  2.22  15 
Colorado  $384,589  $195,023  1.97  10 
Connecticut  $603,097  $176,247  3.42  43 
Delaware  $506,163  $188,751  2.68  33 
District of Columbia  $585,920  $226,031  2.59  26 
Florida  $409,216  $154,185  2.65  31 
Georgia  $517,678  $119,765  4.32  48 
Hawaii  $375,501  $297,125  1.26 
Idaho  $366,357  $190,734  1.92 
Illinois  $538,958  $166,929  3.23  39 
Indiana  $527,407  $195,243  2.70  35 
Iowa  $428,013  $174,939  2.45  20 
Kansas  $517,302  $194,799  2.66  32 
Kentucky  $401,034  $195,166  2.05  12 
Louisiana  $545,233  $116,460  4.68  49 
Maine  $294,429  $150,487  1.96 
Maryland  $504,012  $143,396  3.51  46 
Massachusetts  $487,647  $180,660  2.70  34 
Michigan  $413,110  $161,852  2.55  25 
Minnesota  $476,826  $179,779  2.65  30 
Mississippi  $482,312  $77,851  6.20  51 
Missouri  $452,794  $181,391  2.50  21 
Montana  $313,103  $166,875  1.88 
Nebraska  $481,415  $182,775  2.63  29 
Nevada  $596,988  $191,925  3.11  38 
New Hampshire  $416,748  $255,760  1.63 
New Jersey  $575,909  $245,517  2.35  18 
New Mexico  $419,776  $183,064  2.29  16 
New York  $510,113  $151,832  3.36  42 
North Carolina  $444,098  $127,510  3.48  44 
North Dakota  $440,519  $253,730  1.74 
Ohio  $468,805  $179,279  2.61  27 
Oklahoma  $430,173  $186,561  2.31  17 
Oregon  $431,436  $195,799  2.20  14 
Pennsylvania  $503,940  $199,291  2.53  23 
Rhode Island  $416,341  $128,874  3.23  40 
South Carolina  $441,402  $125,998  3.50  45 
South Dakota  $472,781  $237,404  1.99  11 
Tennessee  $420,657  $143,689  2.93  36 
Texas  $535,582  $163,328  3.28  41 
Utah  $432,569  $202,011  2.14  13 
Vermont  $299,494  $268,086  1.12 
Virginia  $468,161  $186,298  2.51  22 
Washington  $473,003  $347,668  1.36 
West Virginia  $397,851  $233,997  1.70 
Wisconsin  $547,132  $226,097  2.42  19 
Wyoming  $462,136  $157,407  2.94  37 

Source

Survey of Business Owners. Washington, DC: U.S. Department of Commerce, Census Bureau, 2007.

Copyright © 2013 CFED — Corporation for Enterprise Development 1200 G Street, NW Suite 400 Washington, DC 20005 202.408.9788

Powered by ARCOS