What Do Minority Business Owners Really Think?


What Do Minority Business Owners Really Think?

The number of businesses in our local minority communities continues to grow, year by year. But despite that growth, there is still a disparity when it comes to access to capital, contracting opportunities and other entrepreneurial development opportunities for minority-owned firms. 

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Abel Herrera is the Founder and President of IT Data Solutions. Since 2005, IT Data Solutions has been providing focused management consulting services specializing in Information Technology (IT) solutions and tools for large private and public sector clients.  We specialize in Advisory, Analytics, Audio/Video Design and Implementation, Augmented/Virtual Reality, Cybersecurity, Human Capital Solutions, Managed Services, and Robotic Process Automation (RPA).  We turn big data into actionable intelligence to help reach your mission objectives.  Certified Minority Owned Small Business Concern (8a/DBE/MBE/HUBZone pending).

I’m proud to be part of MBEs Mean Business, an independent initiative of minority business enterprises that are committed to the cause of minority business economic inclusion and equality.

Facts on the 2019 update survey for small businesses

The U.S. Census Bureau released the new estimates showing 1.1 million employer firms were owned by women and 1.0 million by minorities. According to the 2018 Annual Business Survey (ABS), covering year 2017, 5.6% (322,076) of all U.S. businesses were Hispanic-owned and 6.1% (351,237) were owned by veterans – See graphic below.

Annual Business Survey
[Source: U.S. Census Bureau]

What Do Minority Business Owners Really Think?