今天, 澳博官方网站app研究所发布了一项新研究, showing the correlation among characteristics like home values, 大学教育和种族歧视, 少数民族, and foreign-born composition of Miami communities and significant factors of small business financial health. 给定52个样本的数据,000 企业 operating in all 178 Miami ZIP codes and a panel sample of 32,2013年迈阿密有1000家小企业活跃, 澳博官方网站app研究所得出了这个结论, three out of four small 企业 in Miami turn a profit, 然而，许多公司的现金流动性有限.

2017年，迈阿密夺冠 12^th 大都市区国内生产总值最高 (GDP) in the country, which accounted for over two percent of the national GDP. Small 企业 might have benefitted from and contributed to Miami’s economic strength, with the median profit margin of Miami small 企业 being 13.9%. However, many small 企业 had limited cash liquidity. One-third had seven or fewer days of cash liquidity, while less than half of small 企业 had at least fourteen cash buffer days – or the number of days a business could withstand spending without income.

“Analyzing how community characteristics – especially in vibrant, urban communities like Miami – correlate to the financial health of small 企业 within those communities is a key factor in understanding small business outcomes,戴安娜·法雷尔说, 澳博官方网站app研究所总裁兼首席执行官. “This report aims to identify where growth could be contributing to Miami’s economic strength.”

This report builds on previous research from the 澳博官方网站app 研究所 on community-level differences in small business financial outcomes, exploring how profit margin and cash liquidity differ across communities and how socioeconomic conditions may vary given the financial performance of small 企业.

The new report, “小型企业 Financial Outcomes in Miami 社区,” finds that:

• While the majority of Miami small 企业 are profitable, many have limited cash liquidity.
  • Three out of four small 企业 in the Miami metro area turn a profit and the median small business has 11 cash buffer days.
  • The median small business in Miami has fewer cash buffer days than the median business in our full sample of 25 U.S. 都市区. One-third of small 企业 in Miami have seven or fewer days of cash liquidity, and less than half of small 企业 have 14 or more cash buffer days.
  • The median profit margin for Miami small 企业 is 13.9%, which is similar to the 澳博官方网站app 研究所’s broader sample of 25 U.S. 都市区.
• 小企业以黑人为主, 拉美裔, and foreign-born communities in Miami have significantly lower profitability and cash liquidity than 企业 in majority White communities. 黑人占多数的比例不到10%, 拉美裔, or foreign-born communities in Miami have many very profitable small 企业 (with profit margins over 20 percent), compared to 44 percent of majority White communities, and the typical small business in more than 80 percent of majority non-White communities has a cash buffer of two weeks or less.
  • The typical small business had median profit margins over 20 percent in only nine percent of majority 拉美裔 communities, 3%的外国出生社区, 也没有以黑人为主的社区, whereas the typical small business had profit margins over 20 percent in 44 percent of majority White communities.
  • While small 企业 in 60 percent of majority White communities have at least two weeks of cash liquidity, just over one-in-six majority 拉美裔 communities have a median of at least two weeks of cash buffer.
  • There are also industry differences across Miami communities – small 企业 in majority White communities are overrepresented in high-tech services, 医疗保健服务, 其他专业服务, 还有房地产. Small 企业 in communities with majority non-White populations generally have a higher share of small 企业 in the construction, 修复 & 维修、餐饮和零售行业.

整体, this report describes the financial health of Miami’s small business sector, identifying where any business growth may be contributing to Miami’s economic strength.