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1. • • Minority small businesses contribute nearly $193 billion in economic output per year, which is greater than the annual GDP of 18 U.S. states. Minority small businesses in California generate $28.7 billion in tax revenue each year. Minority small businesses support 2.56 million jobs annually across California.
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     California’s Minority-Owned Small Businesses Contribute $192. ...

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   How do minority-owned small businesses impact California's economy?

   • WHAT YOU NEED TO KNOW: The first “State of Diverse Small Businesses in California” report details the statewide impact of minority-owned small business, noting that, annually, they contribute $192.8 billion in economic output – more than the annual GDP of 18 US States, generate $28.7 million in tax revenue, and support 2.56 million jobs.

   California’s Minority-Owned Small Businesses Contribute $192.8 Billion

   business.ca.gov/californias-minority-owned-small-businesses-contribute-192-8-billion-in-economic-output-and-support-over-2-5-million-jobs-annually-new-report-shows/

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   How much do small businesses contribute to California economy?

   • Minority small businesses contribute nearly $193 billion in economic output per year, which is greater than the annual GDP of 18 U.S. states. Minority small businesses in California generate $28.7 billion in tax revenue each year. Minority small businesses support 2.56 million jobs annually across California.

   California’s Minority-Owned Small Businesses Contribute $192.8 Billion

   business.ca.gov/californias-minority-owned-small-businesses-contribute-192-8-billion-in-economic-output-and-support-over-2-5-million-jobs-annually-new-report-shows/

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   What is the role of small businesses in California's economy?

   • Small businesses contribute significantly to the economy of California. They add approximately 250,000 new jobs every year. California's diverse business landscape makes it an appealing place for entrepreneurs to establish and expand their organizations.

   California EIN Number | Apply for Tax ID Number in California

   www.govdocfiling.com/states/apply-federal-tax-id-california/

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   How much do minority-owned businesses contribute to the economy?

   • This means that minority-owned businesses comprise just 29% of all businesses in the U.S. 2. Minority-owned businesses contribute $1.38 trillion in revenue and 7.2 million jobs to the economy. Additionally, the SBA has found that minority-owned businesses contribute $1.38 trillion in revenue and 7.2 million jobs on a yearly basis.

   How to Start a Minority-Owned Business - NerdWallet

   www.nerdwallet.com/article/small-business/how-to-start-a-minority-owned-business

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   Why did small business majority partner with calosba?

   • “Small Business Majority was proud to partner with CalOSBA, leading state chambers of commerce, and diverse small business organizations across California to field and share data essential to making sure the voices of BIPOC entrepreneurs are heard,” said Josaline Cuesta, California Program Director for Small Business Majority.

   California’s Minority-Owned Small Businesses Contribute $192.8 Billion

   business.ca.gov/californias-minority-owned-small-businesses-contribute-192-8-billion-in-economic-output-and-support-over-2-5-million-jobs-annually-new-report-shows/

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   Will a snapshot of California's diverse small businesses change this?

   • This detailed snapshot of California’s diverse small businesses is intended to change this,” said Ahmad Holmes, Chief Operating Officer for the California African American Chamber of Commerce.

   California’s Minority-Owned Small Businesses Contribute $192.8 Billion

   business.ca.gov/californias-minority-owned-small-businesses-contribute-192-8-billion-in-economic-output-and-support-over-2-5-million-jobs-annually-new-report-shows/

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3. calasiancc.org › advocacy › diverse-small-businessesThe Impact of Diverse Small Businesses in California

   calasiancc.org › advocacy › diverse-small-businesses

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   Minority-owned small businesses contribute $414 billion to California's economy, accounting for 8% of the state's total economic output. Minority-owned small businesses in California support $169.88 billion in labor income, which includes employee compensation and proprietorship income .

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5. beaconecon.com › economic-impact-of-minority-ownedEconomic Impact of Minority-Owned Small Businesses in California

   beaconecon.com › economic-impact-of-minority-owned

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   Minority-owned small businesses (MOSBs) are crucial to California’s economic landscape, driving innovation and growth. In 2020, these businesses generated $414 billion and supported 3.6 million jobs in the state, showcasing their substantial impact.

6. calosba.ca.gov › wp-content › uploadsThe State of Diverse Business in California

   calosba.ca.gov › wp-content › uploads

   Minority-owned small businesses are a pillar of the California economy. They account for 45% of all businesses in the state, support 10.9% of all jobs in the state annually, and generate 3.5% of California’s economic output. In general, small businesses create local jobs, increase market competition, and build communities.

7. www.beaconecon.com › wp-content › uploadsThe State of Diverse Businesses in California - beaconecon.com

   www.beaconecon.com › wp-content › uploads

   Minority-owned small businesses in California have substantial state and local fiscal impacts. In total, minority-owned small businesses generate $13.6 billion in tax revenues across state and local governments. Additionally, the federal government receives roughly $15.2 billion annually.

8. advocacy.calchamber.com › 2023/10/26 › minorityMinority-Owned Businesses Generate $190+ Billion for California

   advocacy.calchamber.com › 2023/10/26 › minority

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   Oct 26, 2023 · California’s minority-owned businesses are a powerful asset to the state’s economy, generating $28.7 billion in tax revenue and supporting 2.6 million jobs annually, according to a new report issued earlier this month.

9. latino.ucla.edu › research › business-as-usual-caEntrepreneurs of Color in CA | Latino Policy & Politics Institute

   latino.ucla.edu › research › business-as-usual-ca

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   Nov 1, 2023 · California is home to 4.2 million small businesses, the most of any state in the nation. 1 Members of racial and ethnic minority groups own nearly half (46%) of small businesses in California. 2 Studies have demonstrated that ethnic-owned businesses 3 face disproportionate challenges in starting and maintaining their businesses, including ...