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Black-Owned Business Are Still a Small Fraction of the American Economy
in
Black owned businesses
/ Employees
/ Minority set aside programs
2023
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Black-Owned Business Are Still a Small Fraction of the American Economy
in
Black owned businesses
/ Employees
/ Minority set aside programs
2023
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Black-Owned Business Are Still a Small Fraction of the American Economy
Journal Article
Black-Owned Business Are Still a Small Fraction of the American Economy
2023
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Overview
In 2020, there were 140,918 U.S. Black- or African American-owned businesses across all sectors of the economy. They had annual sales of $141.1 billion and employed 1.3 million people. Thus, Black-owned businesses accounted for only 2.4 percent of all firms in the nation with paid employees. They employed just 1 percent of all employees.
Publisher
BruCon Publishing Company
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