Hawaii has the highest percentage of middle market businesses owned by non-whites in the country, according to a recent report from American Express and Dun & Bradstreet.
The Aloha State also had a higher than average percentage of female-owned businesses, according to the Middle Market Power Index: The Growing Economic Clout of Diverse Middle Market Firms. It surveyed only businesses generating from $10 million to $1 billion in annual revenues.
Hawaii has an estimated 518 middle market firms, and 21 percent have non-white owners, compared to the national average of five percent, the report states. Hawaii was followed Alaska, Virginia, New Mexico and Maryland in percentage of non-white-owned businesses.
Among the 136,603 middle market firms in the U.S., approximately six percent are owned by women. In Hawaii, eight percent of such firms are female-owned.
Nationally, Alaska, Virginia, Maryland and Michigan had the greatest percentage of female-owned businesses, ranging as high as 13 percent.

GET IN-DEPTH
REPORTING ON HAWAII’S BIGGEST ISSUES
What it means to support Civil Beat.
Supporting Civil Beat means you’re investing in a newsroom that can devote months to investigate corruption. It means we can cover vulnerable, overlooked communities because those stories matter. And, it means we serve you. And only you.
Donate today and help sustain the kind of journalism Hawaiʻi cannot afford to lose.