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Key statistics. There are over 161,000 Black-owned businesses in the U.S., according to the Census Bureau.. Black-owned businesses employed 1.4 million employees in 2021.
For example, African American-owned businesses comprise 2.3% of businesses in 2022 even though African Americans are 14.2% of the American population. [1] One explanation for this discrepancy is the history and persistence of discriminatory economic practices that result in a disparity in credit scores between white Americans and minority ...
To give a clearer picture of minority-owned businesses in the United States, we’re breaking down some Hispanic small business statistics. Hispanic-owned business statistics. In October 2023, the ...
Minority business enterprise (MBE) is an American designation for businesses which are at least 51% owned, operated and controlled on a daily basis by one or more (in combination) American citizens of the following ethnic minority and/or gender (e.g. woman-owned) and/or military veteran classifications: [citation needed] African American
The first survey of minority-owned businesses covered 1969, and a parallel program began for women-owned businesses for 1977. Now titled the Survey of Business Owners, this program presents statistics according to the federal standard that allows respondents to report more than one race.
In 2021, Black- or African-American-owned businesses brought in an estimated $183.3 billion in annual receipts, according to data from the U.S. Census Bureau.
In 2002, African-American-owned businesses accounted for 1.2 million of the United States' 23 million businesses. [57] As of 2011 African-American-owned businesses account for approximately 2 million US businesses. [58] Black-owned businesses experienced the largest growth in number of businesses among minorities from 2002 to 2011. [58]
Many businesses closed their doors -- temporarily and, in some cases,... Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...