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Black-owned businesses play an essential role in reducing the racial wealth gap. Minority-owned businesses are those that are at least 51 percent owned, operated and controlled by a minority group ...
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 ...
The United States Economic Census is the U.S. federal government's official five-year measure of American business and the economy. It is conducted by the U.S. Census Bureau, and response is required by law. Forms go out to nearly 4 million businesses, including large, medium and small companies representing all U.S. locations and industries.
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]
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 ...
Black Directory gives a directory of Black-owned products and services with over 50,000 consumers on its email list, giving Black business owners a solid base for exposure. The site allows you to ...
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 Greater Seattle Business Association, described as "a business chamber for LGBTQ and allied businesses", was established by nine gay business owners in 1981. [14] In 2021, New York City recognized LGBTQ-owned businesses as part of their program to support and promote minority-owned businesses to provide mentorship, consulting and access to ...