California ranks 3rd nationally for the rate of minority-owned businesses per minority resident.

The state averages 28.46 minority-owned companies for every 1,000 minority residents.

California is home to the largest total number of minority-owned businesses nationwide, at 278,770.

New research has revealed the states with the highest rate of minority-owned businesses in America.

Work management experts Asana analyzed data from the 2021 U.S. Census on businesses owned by members of racial minority groups. These figures reveal which states had the highest rate of minority-owned businesses per 1,000 minority residents.

The composition of minority-owned businesses in California is dominated by one group:

Asian-Owned: 169,863 firms (Over 60% of the total, the largest group nation

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