The State of Minority- and Women- Owned ... - Cleveland.com

Table 6.3. Problems Firms Experienced During Preceding 12 Months—USA
Statistical Disparities in Capital Markets
All
Nonminority
African
American
Hispanic Other Races
Credit Market Conditions
Percent reporting not a problem 66.2 67.3 43.1 58.9 65.8
Percent reporting somewhat of a problem 20.1 19.9 25.6 18.2 21.3
Percent reporting serious problem 13.7 12.7 31.3 22.9 12.9
Other Potential Problems (% reporting problem is serious)
Training costs 6.5 6.6 7.2 6.3 4.3
Worker’s compensation costs 21.7 21.0 19.3 30.6 28.7
Health insurance costs 32.5 31.6 38.1 44.3 35.0
IRS regulation or penalties 12.3 11.8 17.1 17.9 13.2
Environmental regulations 8.5 8.5 5.6 7.4 11.0
Americans with Disabilities Act 2.7 2.6 3.6 2.7 3.9
Occupational Safety and Health Act 4.5 4.5 3.9 3.6 6.2
Family and Medical Leave Act 2.7 2.5 4.5 3.1 4.8
Number of observations (unweighted) 2,007 1,648 170 96 93
Source: See Table 6.1.
Note: Figures are rounded. Rounding was performed subsequent to any mathematical calculations.
Table 6.4. Problems Firms Experienced During Preceding 12 Months—ENC
All
Nonminority
Credit Market Conditions
African
American
Hispanic Other Races
Percent reporting not a problem 71.9 73.1 45.6 65.8 64.0
Percent reporting somewhat of a problem 18.7 18.1 27.7 22.8 27.9
Percent reporting serious problem 9.4 8.8 26.7 11.4 8.1
Other Potential Problems (% reporting problem is serious)
Training costs 6.5 6.5 9.9 7.6 0.0
Worker’s compensation costs 16.2 16.4 17.8 3.8 15.3
Health insurance costs 30.8 30.3 38.3 44.2 31.3
IRS regulation or penalties 7.9 7.9 7.8 10.6 6.3
Environmental regulations 6.0 6.2 5.5 3.1 0.0
Americans with Disabilities Act 2.7 2.6 2.7 3.8 4.0
Occupational Safety and Health Act 3.4 3.1 4.6 0.0 13.3
Family and Medical Leave Act 1.8 1.7 5.7 7.6 0.0
Number of observations (unweighted) 748 625 74 17 32
Source: See Table 6.1.
Note: Figures are rounded. Rounding was performed subsequent to any mathematical calculations.
Tables 6.5 and 6.6 report the views of NSSBF respondents for the U.S. as a whole and the ENC
division, respectively, on the most important issues businesses expected to face over the next 12
months. Nationally, credit availability and cash flow again appear to be more important issues
for African American-owned firms than for nonminority-owned firms. Nonminority-owned firms
were especially worried about health care costs. Hispanic and other minority-owned firms were
especially worried about general business conditions.
NERA Economic Consulting 193