"The U.S. Census Bureau today released new estimates on the characteristics of employer businesses. According to the 2019 Annual Business Survey (ABS), covering reference year 2018, approximately 18.3% (1.0 million) of all U.S. businesses were minority-owned and about 19.9% (1.1 million) of all businesses were owned by women.
Additional statistics released include:
- In the United States, the four sectors with the most businesses were Professional, Scientific, and Technical Services; Construction; Health Care and Social Assistance; and Retail Trade. Combined, these estimated 2.8 million businesses employed about 51.1 million people and had an annual payroll of approximately $2.6 trillion.
- Veteran-owned businesses made up about 5.9% (337,934) of all businesses, with an estimated $947.7 billion in receipts, approximately 3.9 million employees, and about $177.7 billion in annual payroll.
- The number of Hispanic-owned businesses had a growth of about 3.0% from 2017. In 2018, Hispanic-owned businesses made up about 5.8% (331,625) of all businesses, with an estimated $455.6 billion in annual receipts, approximately 3.0 million employees, and about $101.1 billion in annual payroll.
- There were an estimated 577,835 Asian-owned businesses with about 24.5% (141,746) in the Accommodation and Food Services sector. Asian-owned businesses had the largest estimated receipts ($863.3 billion) among minority groups.
- Blacks or African Americans owned approximately 124,551 businesses, with about 28.5% (35,547) of these businesses in the Health Care and Social Assistance sector, the highest percentage of any minority group.
- There were an estimated 24,433 American Indian and Alaska Native-owned businesses with approximately $33.7 billion in receipts, an estimated 200,256 employees, and about $8.2 billion in annual payroll..."
Annual Business Survey
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