Maryland has the highest rate of per-capita minority and women business ownership in the United States, a recent study shows.
The state has nearly 42 minority owners for every 100,000 residents, according to a survey by Paychex, a payroll, human resources and insurance services company. It also has 17.5 women-owned businesses per 100,000 residents.
“Despite facing higher taxes and even a higher cost of living, small business opportunities in Maryland are often boosted by the state’s proximity to Washington, D.C., and the availability of government contracts,” the report said.
The next highest state for minority ownership was Delaware, with 29 minority-owned businesses per 100,000 residents, followed by Arkansas, with 17.7 per 100,000 residents.
Click here to read the rest of the article written by Lorraine Mirabella over at the Baltimore Sun