Female, Latino, and Black Californians are underrepresented among business owners

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NOTES: Business ownership rates for men and women include 13% of businesses that are jointly owned by men and women. Latino-owned businesses include 2% of businesses that are jointly owned by Latinos and non-Latinos. Other races include Native American, Alaskan Natives, Native Hawaiians, and other Pacific Islanders. Ownership is defined as having more than 50% of the stock or equity in a business. Many businesses—especially large businesses with a large number of owners and/or no owner with at least 10% stock or equity—are not included.