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• In 2018, there were over 158 thousand businesses in New Mexico, of which more than 59 thousand were minority-owned firms.

• Minority-owned firms in New Mexico employed over 88 thousand people in 2018.

• Minority-owned firms represented 39.2% of all firms located in the state.

• The number of minorityowned firms in New Mexico increased 3.7% between 2017 and 2018.