Black Entrepreneurship Grows
According to figures from the most current U.S. Census Bureau “Survey of Business Owners,” the number of Black-owned businesses grew by 45 percent between 1997 and 2002 and receipts for those firms increased by 30 percent in the same period. A more detailed report on Black-owned businesses is scheduled to be issued in the second quarter of this year. Below is the Census Bureau’s breakdown of increases in the number, sales and receipts of Black-owned businesses in the top 10 states for those businesses.
Changes in the Number of Black-Owned Businesses and Their Receipts: 1997 to 2002
|Location||No. of Firms||Sales & Receipts ($billions*)||No. of Firms||Sales & Receipts ($billions*)|
* Rounded to the nearest tenth.