Out of all large U.S. metros, Tampa Bay has the sixth-highest ratio of minority businesses, according to a new report from Smartest Dollar.
Data in the analysis was collected from the U.S. Census Bureau’s Annual Business Survey and American Community Survey. To determine the locations with the most minority business owners, researchers at Smartest Dollar calculated the ratio of minority-owned businesses to the minority population.
A total of 19% of all businesses owned in the Tampa Bay area – Tampa, St. Pete, Clearwater – are owned by people of color. That’s slightly higher than the national percentage of 18.7%.
– Kelsey Sunderland, Extensive Enterprises Media