Hawaii has an estimated 518 middle market firms, and 21 percent have non-white owners, compared to the national average of five percent, the report states. Hawaii was followed Alaska, Virginia, New Mexico and Maryland in percentage of non-white-owned businesses.
Among the 136,603 middle market firms in the U.S., approximately six percent are owned by women. In Hawaii, eight percent of such firms are female-owned.
Nationally, Alaska, Virginia, Maryland and Michigan had the greatest percentage of female-owned businesses, ranging as high as 13 percent.
Minority-owned middle market firms represent 1.6 percent of all minority-owned businesses, but generate 42 percent of revenues accounted for by all minority-owned firms.
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