CFED Assets & Opportunity Scorecard
Ratio of the average business value, in terms of sales, receipts or revenue, of white, non-Hispanic-owned businesses to businesses owned by workers of color, 2012.
Business ownership is a fundamental engine for wealth creation, and the value of these businesses, measured in annual revenue, 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 lower rate than white workers, the value of businesses owned by workers of color is generally far less than that of businesses with white owners. For example, the average revenue of businesses owned by white workers in Maryland is more than four times higher than for businesses owned by workers of color.
To see the data disaggregated by race and ethnicity, click on the Data by Race tab below.
Business Value by Race, 2012
| State | Average Receipts from White-Owned Businesses ($) | Average Receipts from Businesses Owned by People of Color ($) | Ratio | Rank |
|---|---|---|---|---|
| United States | $656,364 | $224,530 | 2.92 | |
| Alabama | $602,427 | $140,165 | 4.30 | 48 |
| Alaska | $669,054 | $183,233 | 3.65 | 40 |
| Arizona | $514,338 | $164,118 | 3.13 | 33 |
| Arkansas | $594,208 | $195,231 | 3.04 | 30 |
| California | $738,952 | $269,839 | 2.74 | 24 |
| Colorado | $505,529 | $188,074 | 2.69 | 23 |
| Connecticut | $864,604 | $193,532 | 4.47 | 50 |
| Delaware | $769,088 | $210,674 | 3.65 | 39 |
| District of Columbia | $826,621 | $219,900 | 3.76 | 42 |
| Florida | $504,478 | $158,727 | 3.18 | 35 |
| Georgia | $675,479 | $152,563 | 4.43 | 49 |
| Hawaii | $564,205 | $306,505 | 1.84 | 11 |
| Idaho | $423,064 | $185,271 | 2.28 | 17 |
| Illinois | $755,836 | $249,239 | 3.03 | 29 |
| Indiana | $657,019 | $288,643 | 2.28 | 16 |
| Iowa | $607,089 | $277,984 | 2.18 | 13 |
| Kansas | $659,713 | $412,490 | 1.60 | 7 |
| Kentucky | $573,076 | $250,831 | 2.28 | 18 |
| Louisiana | $902,476 | $324,285 | 2.78 | 26 |
| Maine | $402,978 | $178,184 | 2.26 | 15 |
| Maryland | $669,064 | $163,291 | 4.10 | 46 |
| Massachusetts | $652,875 | $249,968 | 2.61 | 22 |
| Michigan | $649,561 | $175,471 | 3.70 | 41 |
| Minnesota | $638,154 | $208,594 | 3.06 | 31 |
| Mississippi | $609,123 | $74,505 | 8.18 | 51 |
| Missouri | $575,924 | $182,736 | 3.15 | 34 |
| Montana | $423,057 | $776,154 | 1.83 | 10 |
| Nebraska | $674,304 | $206,640 | 3.26 | 36 |
| Nevada | $670,052 | $203,552 | 3.29 | 38 |
| New Hampshire | $469,356 | $299,426 | 1.57 | 6 |
| New Jersey | $828,414 | $367,293 | 2.26 | 14 |
| New Mexico | $540,493 | $181,353 | 2.98 | 28 |
| New York | $683,271 | $174,538 | 3.91 | 43 |
| North Carolina | $583,466 | $143,258 | 4.07 | 45 |
| North Dakota | $856,887 | $855,986 | 1.00 | 1 |
| Ohio | $662,845 | $223,155 | 2.97 | 27 |
| Oklahoma | $650,809 | $443,873 | 1.47 | 4 |
| Oregon | $499,570 | $294,061 | 1.70 | 8 |
| Pennsylvania | $643,998 | $233,033 | 2.76 | 25 |
| Rhode Island | $509,993 | $127,408 | 4.00 | 44 |
| South Carolina | $513,091 | $155,913 | 3.29 | 37 |
| South Dakota | $594,245 | $390,752 | 1.52 | 5 |
| Tennessee | $530,454 | $172,753 | 3.07 | 32 |
| Texas | $871,728 | $212,423 | 4.10 | 47 |
| Utah | $518,614 | $253,695 | 2.04 | 12 |
| Vermont | $434,677 | $299,518 | 1.45 | 3 |
| Virginia | $592,223 | $248,911 | 2.38 | 19 |
| Washington | $572,497 | $653,693 | 1.14 | 2 |
| West Virginia | $527,125 | $303,844 | 1.73 | 9 |
| Wisconsin | $696,114 | $276,266 | 2.52 | 20 |
| Wyoming | $570,145 | $220,410 | 2.59 | 21 |
Business Value, by Race and Ethnicity 1
| Business Value by Race (in 2012 dollars) ($) | |||||||
|---|---|---|---|---|---|---|---|
| State | White ($) | Workers of Color ($) | Black ($) | Asian ($) | Native American ($) | Hispanic ($) | |
| United States | $641,742 | $190,059 | $73,226 | $413,593 | $179,855 | $155,806 | |
| Alabama | $598,063 | $127,320 | $45,458 | $522,945 | $365,678 | $254,716 | |
| Alaska | $660,729 | $153,972 | $134,599 | $265,685 | $123,590 | $196,537 | |
| Arizona | $502,444 | $134,817 | $84,902 | $312,576 | $102,623 | $110,332 | |
| Arkansas | $590,597 | $176,856 | $40,697 | $538,559 | $219,514 | $314,479 | |
| California | $709,657 | $236,821 | $108,087 | $430,401 | $108,796 | $132,316 | |
| Colorado | $498,765 | $155,091 | $108,866 | $319,649 | $151,308 | $124,644 | |
| Connecticut | $860,236 | $173,748 | $58,678 | $417,213 | $89,037 | $128,198 | |
| Delaware | $756,376 | $162,833 | $48,149 | $407,452 | — | $155,006 | |
| District of Columbia | $817,438 | $210,679 | $125,370 | $565,842 | $337,599 | $307,978 | |
| Florida | $493,473 | $145,385 | $47,349 | $351,284 | — | $157,483 | |
| Georgia | $667,068 | $140,345 | $84,219 | $391,201 | $109,608 | $131,465 | |
| Hawaii | $540,151 | $293,565 | $172,769 | $335,863 | $131,618 | $179,451 | |
| Idaho | $419,861 | $150,762 | $450,110 | $214,998 | $177,796 | $109,954 | |
| Illinois | $731,210 | $186,863 | $77,030 | $401,448 | $163,302 | $187,165 | |
| Indiana | $646,744 | $222,706 | $122,282 | $565,676 | $134,431 | $186,497 | |
| Iowa | $605,089 | $247,460 | $105,104 | $377,518 | $257,680 | $308,160 | |
| Kansas | $644,263 | $299,260 | $473,414 | $418,886 | $297,419 | $160,176 | |
| Kentucky | $571,436 | $233,659 | $100,240 | $438,012 | $177,237 | $353,049 | |
| Louisiana | $800,065 | $99,984 | $34,648 | $313,532 | $218,323 | $280,816 | |
| Maine | $402,361 | $161,156 | — | $240,369 | $87,747 | $170,596 | |
| Maryland | $661,577 | $151,681 | $72,353 | $379,402 | $298,971 | $143,307 | |
| Massachusetts | $648,852 | $228,116 | $91,688 | $409,318 | $271,331 | $147,296 | |
| Michigan | $646,135 | $161,543 | $51,773 | $458,985 | $206,233 | $310,725 | |
| Minnesota | $634,225 | $174,431 | $87,380 | $271,263 | $187,383 | $218,849 | |
| Mississippi | $605,388 | $66,748 | $35,169 | $380,952 | $112,732 | $161,796 | |
| Missouri | $570,996 | $150,382 | $70,082 | $355,906 | $135,963 | $218,204 | |
| Montana | $382,962 | $139,882 | $85,043 | $295,212 | $116,690 | $185,113 | |
| Nebraska | $669,909 | $165,955 | $69,673 | $226,508 | $133,661 | $212,102 | |
| Nevada | $654,000 | $171,649 | $75,040 | $262,883 | $204,580 | $177,162 | |
| New Hampshire | $466,300 | $243,305 | $100,540 | $370,443 | $115,650 | $206,204 | |
| New Jersey | $793,890 | $290,379 | $114,923 | $594,729 | $245,281 | $140,982 | |
| New Mexico | $520,871 | $154,415 | $111,603 | $391,316 | $69,732 | $155,321 | |
| New York | $677,598 | $164,558 | $53,762 | $333,050 | $210,158 | $89,992 | |
| North Carolina | $577,675 | $124,465 | $57,038 | $365,559 | $108,122 | $148,676 | |
| North Dakota | $850,939 | $752,517 | $89,150 | $2,833,700 | $349,659 | — | |
| Ohio | $659,497 | $202,826 | $117,474 | $539,877 | $92,602 | $214,463 | |
| Oklahoma | $581,148 | $193,811 | $64,495 | $318,415 | $254,159 | $201,285 | |
| Oregon | $487,800 | $220,164 | $110,930 | $408,550 | $122,447 | $146,040 | |
| Pennsylvania | $639,116 | $203,268 | $78,344 | $435,260 | $196,782 | $147,224 | |
| Rhode Island | $508,227 | $118,289 | $58,007 | $349,470 | — | $59,779 | |
| South Carolina | $504,422 | $127,359 | $59,168 | $444,337 | $212,898 | $182,913 | |
| South Dakota | $593,019 | $370,781 | $80,472 | $856,387 | $160,842 | $763,659 | |
| Tennessee | $525,493 | $152,475 | $47,178 | $574,271 | $270,476 | $252,958 | |
| Texas | $839,279 | $175,136 | $69,669 | $461,566 | $209,306 | $144,669 | |
| Utah | $510,556 | $187,330 | $235,055 | $237,717 | $187,173 | $196,636 | |
| Vermont | $432,660 | $248,112 | $26,749 | $415,626 | — | $267,108 | |
| Virginia | $585,194 | $232,012 | $102,102 | $439,253 | $237,246 | $204,724 | |
| Washington | $551,442 | $563,264 | $106,157 | $410,766 | $179,664 | $1,426,507 | |
| West Virginia | $523,672 | $244,623 | $100,486 | $477,791 | $82,886 | $296,192 | |
| Wisconsin | $693,972 | $256,988 | $82,826 | $536,283 | $144,996 | $347,853 | |
| Wyoming | $565,062 | $160,856 | $85,830 | $568,588 | $133,669 | $112,339 | |
"—" indicates that no data is available.
Estimates for White workers are generated for the White, non-Hispanic population. Likewise, estimates for Hispanic workers include all workers of Hispanic or Latino origin, regardless of race.
Definition
Ratio of the average business value, in terms of sales, receipts or revenue, 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), 2012. 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, except in Montana and Washington, where minority-owned businesses have higher average values).
A ratio of 1 indicates perfect equality; the higher the ratio, the greater the inequality.
Source
Survey of Business Owners. Washington, DC: U.S. Department of Commerce, Census Bureau, 2015.
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