Statistics of the Month - February
Where do African Americans own businesses?States with the largest number of African American-owned firms: 2002
State Number of Firms New York 129,324 California 112,873 Florida 102,079 Georgia 90,461 Texas 88,769 Counties with the largest number of African American-owned firms: 2002
County Number of Firms Cook, Ill. 54,758 Los Angeles, Calif. 52,674 Kings, N.Y. 37,499 Prince George's, Md. 28, 389 Miami-Dade, Fla. 28,359 Harris, Texas 27,770 Cities with the largest number of African American-owned firms: 2002
Cities Number of Firms New York, N.Y. 98,076 Chicago, Ill. 39,424 Los Angeles, Calif. 25,958 Houston, Texas 21,226 Detroit, Mich. 19,530 In 2002, nearly 4-in-10 African American-owned firms operated in health care and social assistance, personal services, and repair and maintenance. They owned 9.7 percent of all such businesses in the United States. Retail trade, health care and social assistance services accounted for 28.6 percent of all African American-owned business revenue.
There were 973 African American-owned firms with 100 employees or more in 2002, compared to 889 in 1997, up 9 percent. These firms generated $16 billion in gross receipts, an increase of 31 percent since 1997. Firms of this size accounted for 24.3 percent of the total revenue for black-owned employer firms in 2002.
African American-owned firms accounted for 5 percent of all non-farm businesses in the United States in 2002. About 8 percent of African American-owned firms employed more than 756,000 people.
Source: Bergman, Michael. April 18, 2006. "Revenues for Black-Owned Firms Near $89 Billion, Number of Businesses Up 45 Percent." http://www.census.gov/Press-Release/www/releases/archives/business_ownership/006711.html
Disclaimer: Although we try to use the most credible sources, we are not responsible for any incorrect findings.
Read more:
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- For more on Hispanic Americans, read "Hispanic Legacies in American Culture."
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- Want more statistics on a variety of topics? Visit our Diversity Statistics page.
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