Sunday, February 28, 2016

Women are Leading the Rise of Black-Owned Businesses

"The number of black or African American-owned firms grew 34.5 percent between 2007 and 2012 — from 1.9 million to 2.6 million in 2012. In contrast, the total number of firms in the United States increased  2.0 percent during the same period, from 27.1 million in 2007 to 27.6 million in 2012. However, the proportion of black or African American-owned businesses account for 9.4 percent of all firms, which is still below the 13.1 percent black or African American share of the U.S. adult population (according to the Census Bureau’s July 1, 2012, population estimates).
These business figures are from the Survey of Business Owners, which provides a broad socio-economic picture of business owners across the nation and is part of the Census Bureau’s economic census conducted every five years.  Drawing upon a sample of 1.75 million employer and nonemployer businesses, the Survey of Business Owners collects data on firms’ receipts, payroll and employment as well as the gender, ethnicity, race and veteran status of the firm owners. It is the most authoritative source of data on businesses by the demographic characteristics of the owner..."
Black-Owned Businesses

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