“I’m bullish on North Austin because you have a critical mass of high-tech employers, a good mix of residential areas, strong labor sources and a culturally vibrant community,” he said. “The success story for Austin as a city shows that we’re in far better shape economically than almost any other region in the U.S., and our cultural diversity is a huge part of that success.” Nationwide, minority-owned businesses have increased 46 percent from 2002 to 2007, according to a report the U.S. Census Bureau released in July. Additional details of the survey that is issued every five years will be released through June 2011.
The report shows Hispanics account for the most minority-owned businesses, Asians make up the most prosperous businesses, blacks saw the biggest increase in the number of new businesses and women-owned businesses grew four times faster than businesses owned by men. In 2006, there were nearly 37,500 employers in the Greater Austin area, according to the U.S. Census Bureau. More than 14,000 were Hispanic-owned businesses, about 1,600 were Asian owned and approximately 1,500 were black owned. Women owned about 9,750 businesses. READ FULL STORY
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