Small Business Facts: Business Ownership Demographics
Business ownership is diverse, but women, African Americans, and Hispanics tend to own more non-employer firms and less employer firms. Additionally, younger owners tend to own non-employer firms. With the Census Bureau’s new data series, Non-employer Statistics by Demographics (partially funded by the Office of Advocacy) and their Annual Business Survey, business owner demographics can be analyzed comprehensively for small businesses with and without employees. In 2017, the latest reference year of business owner demographic data, there were 11.7 million women-owned businesses and 9.2 million minority-owned businesses in the U.S.
Read Small Business Facts: Business Ownership Demographics to learn more.