Miami Ranked in Top Five Cities for Minority Entrepreneurs
"For each ethnicity (African Americans, Asians and Hispanics), we measured housing affordability (median value divided by household income), population growth (2000-09), income growth (1999-2009) and entrepreneurship (per capita self-employment)," explains Forbes. "Each ethnicity received a rank, with entrepreneurship weighted one-half and the other half split evenly among the other variables. Those scores were then averaged to calculate overall city rankings."
Here's the top ten:
1. Atlanta-Sandy Springs-Marietta, GAFollow Miami New Times on Facebook and Twitter @MiamiNewTimes.
2. Baltimore-Towson, MD
3. Nashville-Davidson-Murfreesboro-Franklin, TN
4. Houston-Sugar Land-Baytown, TX
5. Miami-Fort Lauderdale-Pompano Beach, FL
6. Oklahoma City, OK
7. Riverside-San Bernardino-Ontario, CA
8. Washington-Arlington-Alexandria, DC-VA-MD-WV
9. Orlando-Kissimmee, FL
10. Phoenix-Mesa-Scottsdale, AZ