Latinx-owned businesses make up a small share of overall business, but are more likely than white-owned businesses to be in industries impacted by COVID-19 shutdowns: Shares of Latinx and white firm ownership by industry
Industry distribution of employer firms | Latinx-owned | White-owned |
---|---|---|
All firms | 12.0% | 78.0% |
Other services (except public admin.)* | 16.7% | 11.1% |
Health care and social assistance†* | 10.5% | 7.7% |
Retail trade† | 7.7% | 9.4% |
Arts, entertainment, and recreation* | 3.1% | 5.1% |
Accommodation and food services†* | 3.0% | 2.6% |
Admin./support/waste mgmt./remediation svcs. | 16.0% | 8.0% |
Construction | 14.4% | 11.8% |
Professional, scientific, and technical services | 8.4% | 15.4% |
Transportation and warehousing | 7.4% | 3.9% |
Real estate | 4.3% | 10.7% |
Wholesale trade | 1.9% | 2.7% |
Finance | 1.7% | 3.8% |
Educational services | 1.6% | 2.4% |
Manufacturing | 1.6% | 2.3% |
Notes: †Indicates the three industries that saw the largest declines in payroll employment in April 2020. *Indicates the three industries that saw the largest percent change declines in payroll employment in April 2020. Totals may not sum to 100%. Industries making up less than 1% of total share (information, agriculture, mining, utilities, management of companies and enterprises) are omitted.
Source: Authors’ analysis of data from U.S. Census Bureau, Survey of Business Owners (2012), Table SB1200CSA01.