The Impact of Diverse Small Businesses in California
California African American, Asian Pacific, and Hispanic Chambers of Commerce
First published September 2024
This report builds on pioneering research commissioned by the California Office of Small Business Advocate (CalOSBA) focused on the economic, fiscal, and community impact of minority-owned small businesses (MOSB).
This research combines a series of complex datasets to provide the most detailed and in-depth analysis on California MOSB that has been conducted to date. The CalOSBA report, released last year, measured the substantial contribution MOSB’s make on the state’s economy, calculating their economic and fiscal impact for the first time.
This report not only dives deeper into that analysis, but it includes multiple years of data, and takes the research a step further to examine the barriers MOSB face and policies that could support them.
The figures in this report are the most detailed estimates of California’s minority-owned small businesses currently available. They are constructed from the American Community Survey, the American Business Survey, the Non-employer Statistics by Demographics dataset, from the United States Census Bureau, the Bureau of Economic Analysis, and a handful of other data sources. This research was commissioned by the CalAsian Chamber of Commerce, California African American Chamber of Commerce, and the California Hispanic Chambers of Commerce, and was underwritten by Kaiser Permanente and SoCalGas and SDGE.