Forbes thinks that one of the best ways to lead America out of it's mounting debt is to spark long-term financial growth, and they think encouraging entrepreneurship among minorities is one of the best ways to generate that growth. Of course, like everything Forbes.com does,they've accompanied their point with a list
, and Miami ranks among the top five cities in America for minority entrepreneurs.
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"For each ethnicity (African Americans, Asians and Hispanics), we measured housing affordability (median value divided by household income), population growth (2000-09), income growth (1999-2009) and entrepreneurship (per capita self-employment)," explains Forbes. "Each ethnicity received a rank, with entrepreneurship weighted one-half and the other half split evenly among the other variables. Those scores were then averaged to calculate overall city rankings."
Here's the top ten:
1. Atlanta-Sandy Springs-Marietta, GA
2. Baltimore-Towson, MD
3. Nashville-Davidson-Murfreesboro-Franklin, TN
4. Houston-Sugar Land-Baytown, TX
5. Miami-Fort Lauderdale-Pompano Beach, FL
6. Oklahoma City, OK
7. Riverside-San Bernardino-Ontario, CA
8. Washington-Arlington-Alexandria, DC-VA-MD-WV
9. Orlando-Kissimmee, FL
10. Phoenix-Mesa-Scottsdale, AZ