From Deseret News archives:
Black-owned firms booming
Utah's 47.5% growth in 5-year period is slightly above U.S. gain
Cazares admits entrepreneurship isn't easy, even with her experience as a florist.
"It's always taking a risk and faith in God," she said.
Cazares is among those surprised by a new census report that identifies black-owned businesses as outpacing the business growth of every other minority group in Utah's economy from 1997 to 2002.
There were 649 black-owned businesses in Utah in 2002, up 47.5 percent since 1997, according to the "2002 Survey of Business Owners: Black-Owned Firms." And receipts from those firms grew by more than 700 percent over five years, to nearly $188 million, according to the report released Tuesday.
However, Utah mirrored a national trend of mostly small businesses. Only 11 percent of Utah's black-owned businesses had paid employees. Utah's average is 25 percent.
The report, part of the 2002 Economic Census, is based on administrative records and a survey of 2.4 million businesses. It includes privately held nonfarm firms with at least 51 percent black ownership.
However, Spendlove cautioned that while the census report shows a general trend of growth, it is based on survey data and for Utah's small population, there was a large margin of error. And, even if the census count is accurate, Utah has some catching up to do.
"Black-owned businesses make up about 0.3 percent of all firms in Utah," Spendlove said. "The black population is 0.9 percent of Utah's population."
Nationally, black-owned businesses grew by 45 percent to 1.2 million black-owned firms in 2002, accounting for $88.8 billion in revenue.
"I'm proud," said Harry Alford, president and CEO of the National Black Chamber of Commerce. "We're the fastest-growing segment."
Alford said black entrepreneurs have been helped by improved education levels and increased incomes among black consumers and business owners.
Blacks, as a group, still trail whites in education and income, but they have made gains in the past half-century. In 1950, only 14 percent of black adults had high school diplomas, compared with 36 percent of whites, according to the Census Bureau. The gap narrowed by 2000, when 72 percent of black adults had at least a high school diploma, compared with 84 percent of whites.
Recent comments
I came across this article in search of my son who lives in Utah. We...
vicki clark | Dec. 31, 2007 at 1:16 a.m.
- NFL local watch, week 9 2:09 p.m.
- Cougars practice with urgency 1:59 p.m.
- Man killed in Utah County crash 1:34 p.m.
- Drug company settles Utah suit 1:33 p.m.
- NBA game experience Online 1:31 p.m.
- Audit: S.L. County 911 'inefficient' 1:02 p.m.
- Chamber has state budge answers 12:57 p.m.
- Paisley focused on duties, not CMAs 12:54 p.m.
- Brown pelicans off endangered list 12:52 p.m.
- Death penalty rare in military 12:50 p.m.
- SLC council OKs gay rights policies
- Utah Jazz have a problem at point
- 'Love story' of crash victim ends
- BYU football recruit turning heads
- 12 Utes return to Texas
- Wyoming writer amazed by BYU
- Pratt pleads not guilty to sex charges
- Cougars' defensive hoops clinic
- Hair-pulling raises more questions
- Gays get Mormon support in SLC
- House passes health care bill
269 - TCU showdown has big implications
189 - SLC council OKs gay rights policies
162 - Senators want food tax restored
157 - Cougars crush hapless Cowboys
155 - Utah Jazz fall apart against Kings
131 - TCU 4th in AP poll; U. 16th, Y. 22nd
119 - No 'backlash' for pioneers, gays analogy
108 - S.L. vote pending on gay protections
106 - Pratt pleads not guilty to sex charges
94
Maybe someone out there can help me understand how raising the state...
How hypocritical of Shurtleff to sue a drug company that is FDA controlled...
what do you mean, "what good could have been done with that money instead.."...
After January 2010: Utah will still be the only non-BCS team with 2 BCS...
Just to give you an example how some schools work this, one 5a school had 17...
"I have never understood this. The LDS church does not want to support...
Mrs. Help are you sure you kept the correct total of assists Keira had, I...
Your comment leaves out 1 very important thing: All BYU wants, their...
Amazing to see the BYU haters applauding her actions. If she did it to a...
"To some, sickness and death are mere consequences that come to those who...
Gosh, I think too many of us Mormons have gone off the deep end regarding...


