Maryland, D.C. Good for Minority Businesses: Study

Sign up to stay connected Get the top stories of the day around the DMV. LendingTree, an online lending marketplace, released a study in which Maryland and the District ranked high regarding thriving minority businesses. Using the U.S. Census Bureau definition of minority-owned businesses (those with majority ownership by someone with any race and ethnicity combination other than non-Hispanic and white), the study analyzed metrics, including the percentage of minority-owned businesses and the pay ratios of these companies compared to all businesses. Maryland and the District occupy the top three spots in our study, while Iowa, Idaho and Rhode Island are at the bottom. Minority-owned businesses thrive the most in Maryland, according to the study. The state finishes in the top 10 with minority-owned businesses paying employees the fourth-highest relative to all businesses.  @media ( min-width: 300px ){.newspack_global_ad.scaip-1{min-height: 100px;}}@media ( min-width: 400px ){.newspack_global_ad.scaip-1{min-height: 100px;}}@media ( min-width: 640px ){.newspack_global_ad.scaip-1{min-height: 100px;}}@media ( min-width: 728px ){.newspack_global_ad.scaip-1{min-height: 100px;}} Over a quarter (25.4%) of companies in Maryland are minority-owned, the sixth-highest share in the U.S. Additionally, the state scores high for the longevity of its minority-owned businesses. Sign up to stay connected Get the top stories of the day around the DMV. Flag of the...