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

Executive Summary
• A greater share of minority-owned firms believed that the availability of credit was
the most important issue likely to confront the firm in the near future (See Tables 6.5,
6.6).
• Judging from the analysis done using data from the SSBF, there is no reason to
believe that evidence of discrimination in the market for credit is different in the East
North Central division, which includes the City of Cleveland Market Area, than in the
nation as a whole. The evidence from NERA’s own credit surveys in a variety of
states and metropolitan areas across the country is entirely consistent with the results
from the SSBF.
We conclude that there is evidence of discrimination against M/WBEs in the Cleveland market
area in the small business credit market. This discrimination is particularly acute for African
American-owned small businesses where, even after adjusting for differences in assets,
liabilities, and creditworthiness, the loan denial rate ranges from 8 to 22 percentage points higher
than for nonminority male-owned small businesses.
G. M/WBE Public Sector Utilization vs. Availability in the City of
Cleveland’s Contracting and Procurement Markets, FY 2006–2010
Chapter VII analyzes the extent to which M/WBEs were utilized by the City of Cleveland and its
prime contractors and vendors between FY 2006-2010 and compares this utilization rate to the
availability of M/WBEs in the relevant market area. Table B provides a top-level summary of
utilization findings for the 2012 Study by industry category and M/WBE type.
NERA Economic Consulting 8