New Cox Business Comeback Survey paints a resilient and hopeful picture

According to the Arizona Hispanic Chamber of Commerce, minority-owned businesses are unique in that 56 percent are family-owned seeing an average revenue of $110,000 compared to non-minority-owned businesses that generate $500,000 on average per year.  The stakes are higher for minority-owned businesses in Arizona because the success of the family is directly tied to the success of the business and there are fewer cash reserves to cushion economic downturns, much less the ongoing impact of a global pandemic.

In recognition of Small Business Week, Cox Business has studied the challenges of minority-owned businesses aiming to catch a glimpse of the issues they face, and more importantly, how they rise above.  The results of the 2021 Cox Business Comeback Survey paint a resilient and hopeful picture, particularly for…

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