How the Demographics of Entrepreneurship Has Changed

In the future, entrepreneurs and business owners could become even more diverse. Mikel Jaso

The U.S. entrepreneurial landscape is very different from what it used to be.

Since the mid-1990s people of Latino or Asian descent, whether they are U.S. born or immigrants, now represent 24,2% and 7,3% of all new entrepreneurs. This is more than twice where they began. Overall, immigrants have made similar gains. Black entrepreneurs' share fluctuates, but is still higher than it was in the mid-1990s. Women's share, however, has remained relatively constant over time. The 55-to 64-year-old group is the largest share of new-business founders, accounting for 22.8%.