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• In 2018, there were over 2.2 million businesses in New York, of which more than 760 thousand were minority-owned firms.

• Minority-owned firms in New York employed over 635 thousand people in 2018.

• Minority-owned firms represented 35.7% of all firms located in the state.

• The number of minorityowned firms in New York increased 3.6% between 2017 and 2018.