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Literati, Propertymate, Darwin Homes among newly funded Austin startups

Literati, Propertymate, Darwin Homes among newly funded Austin startups
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15 Cities With the Most Minority-Owned Startups

15 Cities With the Most Minority-Owned Startups Despite barriers, minority business owners are making a mark on these cities. This story originally appeared on Self. In addition to being a critical driver of growth in the economy overall, entrepreneurship is one of the many ways that individuals can build wealth in America. But as 2020 illustrated, opportunities to participate and succeed in the entrepreneurial economy are not equally distributed by race and ethnicity. Last year, a wave of racial justice protests nationwide and the economic repercussions of the COVID-19 pandemic drew more attention to the struggles that minority communities face in building and sustaining wealth. According to a McKinsey analysis, two of the primary challenges facing minority business owners are structural barriers to financial health and disproportionate representation in industries most susceptible to economic shocks like those presented by COVID-19.

Minority-owned businesses: Houston has the fifth highest percentage of minority startups in the nation

HOUSTON, Texas Both Houston and the state of Texas earned high rankings on a recent study by Self Financial that looked at the percentage of minority-owned startups in regions across the U.S. Today, there are nearly 170 thousand minority-owned startups in the U.S., employing over 700 thousand people and generating close to $100 billion in annual revenue, the report said. Based on demographic trends, these numbers are likely to grow as the population continues to diversify on racial and ethnic lines. According to the report, about 30 percent of startups in Greater Houston are minority-owned. This is the fifth highest percentage in the country. There are nearly 5,600 minority-owned startups in the MSA, employing more than 22,700 people and bringing in more than $3.1 billion annually, the report found.

Houston leads the way as a top metro for minority-owned startups

Houston leads the way as a top metro for minority-owned startups Houston leads the way as a top metro for minority-owned startups By Laura Furr Mericas, InnovationMap Jan 22, 2021, 9:30 am A new study shows Houston has minority-owned startups than any other Texas city.  Sean Pavone/Getty Images Both Houston and the state of Texas earned high rankings on a recent study by Self Financial that looked at the percentage of minority-owned startups in regions across the U.S. Today there are nearly 170 thousand minority-owned startups in the U.S., employing over 700 thousand people and generating close to $100 billion in annual revenue, the report said. Based on demographic trends, these numbers are likely to grow as the population continues to diversify on racial and ethnic lines.

DFW leads the way as a top metro for minority-owned startups

DFW leads the way as a top metro for minority-owned startups By Laura Furr Mericas, InnovationMap Jan 21, 2021, 10:26 am Dallas-Fort Worth ranks ninth in the nation. Getty Images Both Dallas-Fort Worth and the state of Texas earn high rankings on a recent study that looked at minority-owned startups in regions across the U.S. Today there are nearly 170,000 minority-owned startups in the U.S., employing over 700,000 people and generating close to $100 billion in annual revenue, the Self Financial report says. Based on demographic trends, these numbers are likely to grow as the population continues to diversify on racial and ethnic lines.

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