Never To Be Published in the Chronicle

754 Views | 0 Replies | Last: 5 yr ago by sycasey
Sonofoski
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Government data shows that black unemployment remains at historic lows, while the number of small businesses owned by African Americans in the United States has exploded by 400% year-over-year, according to a survey of more than 2,600 small business owners and entrepreneurs by Guidant Financial.

The survey reveals that in 2018, 45% of small business owners were minorities - up from just 15% three years ago, with the majority of them belonging to African American owners.

Following African Americans, Hispanics were the next largest group of minority small business owners representing 14% of the business owners interviewed for the survey. Meanwhile, Asians made up 8% of the business owners surveyed while Native Americans made up 4%.

Looking more closely at the data, it's found that the majority of black business owners are between 40-49 years of age, while the #1 state for the demographic is Texas, followed by Georgia, California, Florida and North Carolina.
Meanwhile, 46% of black-owned businesses have just one employee, while 41% employ 2-5 people. Industries information is a bit sparse, with 13% providing "business services," 9% providing health/beauty/fitness as well as food or restaurant, 7% general retail and 28% "other."

This is the result of Trump's economic policies. One year ago, his approval rating in the black community was 19%; today it is 36%.


sycasey
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https://www.cnn.com/2018/08/18/politics/poll-of-the-week-trump-black-voters/index.html

ONE POLL had Trump's approval with African-Americans north of 30%. The average of all polls has it at 12%. That is still higher than before (8% at election time), so maybe there is something happening here. Or it could be random-ish noise.

It's also a poor argument to cite (slightly) improving performance with African-American voters and tie that to "minorities" being small business owners. How does that square with his numbers having fallen with Hispanic and Asian voters? What makes one group of small business owners more notable than the others?
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