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An estimated 161,031 Black or African American-owned businesses were in operation in 2022, with $183.3 billion in annual receipts. The number of Black-owned businesses is up from...
In 2021, there were 161,031 U.S. firms with majority Black or African American ownership, up from 124,004 in 2017, according to the latest estimates from the Annual Business Survey (ABS), conducted by the U.S. Census Bureau and the National Science Foundation.
There were 161,031 Black or African American-owned businesses in operation in 2021, with $183.3 billion in annual receipts, according to the most recent data available.
In 2020, Black business owners employed 1.321 million people, and created 48,549 new jobs—adding an additional $1.7 billion in aggregate payroll to the U.S. economy.
Here are 201+ Black-owned businesses to shop during Black History Month and beyond. Shop Telfar, Jungalow, Pattern Beauty, Partake, TinkyPoo and more.
T he U.S. is home to roughly 2.5 million Black-owned businesses, according to the Census Bureau. Although the vast majority are sole proprietorships or small-scale affairs, an increasing...
The Annual Business Survey (ABS) recorded 161,031 Black-owned businesses in the US as of 2021. These businesses employed over 1.4 million people and generated about $206.1 billion in revenue (adjusting for inflation to 2023 dollars).
Sole proprietorships make up a disproportionately high share of Black-owned businesses overall: 96.3%, which is more than white (81.1%), Asian American (80.1%), Latino or Hispanic (92.4%), and...
The number of Black-owned businesses is currently more than 30% above pre-pandemic levels. A Brooklyn street nicknamed "Black Girl Magic Row," exemplifies women helping one another succeed.
The number of U.S. Black-owned businesses grew from 2017 to 2019 in all sectors of the U.S. economy, according to the U.S. Census Bureau’s Annual Business Survey (ABS). We reviewed business patterns among Black business owners, drawing on Census Bureau data since 2017.