Minority Business

Black-Owned Businesses


Black-owned business are the fastest growing segment of new businesses, growing 45 percent between 1997-2002, with revenue growth 25 percent. The 1.2 million black-owned businesses in the United States employe more than 756,000 people and generate nearly $89 billion in business revenues.
Almost 4 in 10 black-owned businesses (38 percent) were owned by women.
New York had the most black owned firms, followed by California, Florida, Georgia, and Texas.


Hispanic-Owned Businesses


Hispanic-owned businesses in the U.S. totaled 1.6 million firms in 2002, representing a 31 percent increase from 1997. Hispanic owned businesses employed 1.5 million people and generated $222 billion in revenue in 2002. Just under 4 in 10 of these firms were owned by people of Mexican origin.
73 percent of Hispanic-owned businesses were in four states: New York, California, Texas and Florida.
In 2000, 10.7 percent or 28.1 million people in the United States spoke Spanish at home, and 49 percent of them spoke English less than "very well."


American Indian- and Alaska Native-Owned Businesses


In 2002, there were 201,387 American Indian- and Alaska Native-owned businesses with receipts of $26.9 billion in the United States.
Asian-and Pacific Islander (API)-owned businesses in the U.S. totaled about 913,000 in 1997, employed more than 2.2 million people and generated $306.9 billion in revenues.
Since 1997, the number of Native American-owned businesses has jumped by 84 percent to 197,300. 85 percent of these firms can be described as micro-enterprises.







© 2008 SCORE