Welcome to Breaking the Blueprint — a blog series that dives into the unique business challenges and opportunities of underrepresented business owners and entrepreneurs. Learn how they’ve grown or scaled their businesses, explored entrepreneurial ventures within their companies, or created side hustles, and how their stories can inspire and inform your own success.
Innovation and creativity are driving the new workforce, and many underrepresented professionals are making career pivots to monetize their talents through entrepreneurship. The U.S. Senate Committee on Small Business and Entrepreneurship report more than four million minority-owned companies in the United States today.
Despite these numbers, minority business owners still face systemic barriers to accessing capital, resources, and support. These barriers prove why choosing where to start or scale a business is essential.
Read ahead to learn about some of the best cities supporting underrepresented founders in elevating their businesses.
1. Houston, TX
Houston, Texas, is one of the top cities that offers ample economic opportunities for minority entrepreneurs. As one of the most diverse cities in the nation, minorities make up 30.45% of the 5,600 startups in Houston’s metro region, according to JobSage.
The nation’s capital is a physical representation of why the country is known as a “melting pot.” The city’s rich, diverse culture is home to many minority founders.
D.C. has a total of 4,599 minority startups. They bring in over $2.4 billion in annual sales across industries such as tech, hospitality, and cybersecurity, according to JobSage.
Business owners have access to a plethora of resources for networking and venture capital investments. They can receive support from organizations like:
D.C.’s proximity to other states like New York, Maryland, and Virginia can offer founders access to a broader network to help them grow.
5. San Antonio, TX
Houston isn’t the only location in the Lone Star State where minority entrepreneurs can scale and succeed. San Antonio is a major metropolitan city in Texas that has proven to be a great location for companies. It has a diverse economy of advanced manufacturing, aerospace, and information technology. Still, the most active industry for minority entrepreneurs is retail.
San Antonio raked in over $1 billion in annual sales from minority-owned startups. That platform expects the number to grow as Black and Hispanic people continue to move there.
Embracing diversity lies at the forefront of economic success. Minority entrepreneurs have some of the most creative business ideas that continue to positively impact our country. These above cities serve as examples of why it’s essential to invest in their businesses.