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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.
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 ...
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 ...
Diverse- and women-owned business enterprises are among the fastest-growing segments of the U.S. economy. Diverse-owned businesses generated an estimated $495 billion in annual revenue in 1997 [5] and employed nearly 4 million workers, while women-owned firms employed about 19 million people [6] and generated $2.5 trillion in annual sales.
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
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.