The state of minority-owned firms in Cleveland
In this report from Cleveland State University, Iryna Lendel explores minority business ownership in the Cleveland-Elyria Metropolitan statistical area. It explores barriers to small business formation, provides a new analysis of census data, and rates the region’s economy on inclusion.
Perhaps most importantly, the report notes that the percentage of minority owned businesses in the Cleveland region is 10 percent below the national average.
“This trend indicates that economic development and public policy in the Cleveland region should continue to focus on attracting, retaining, creating, and growing minority businesses to become competitive,” Lendel explains.