Facts About Small Business: Black-Ownership Statistics

Advocacy has released an updated infographic showcasing Black-owned businesses. Black business owners own 3.5 million businesses and employ more than 1.2 million people. This represents an annual increase of over 7 percent in people employed by Black entrepreneurs. The infographic uses the most recent Census Bureau data to show the contributions of Black-owned businesses in the United States.

Black Ownership Statistics 2024 In 2019, Black business owners owned 3,589,567 businesses. Black-owned businesses employed 1,273,002 Americans. Total Firms 3,589,567 Total Sales $217.3 billion Employer Firms 134,567 Employer Total Sales $133.7 billion No. of Employees 1,273,002 Annual Payroll $40.5 billion Nonemployer Firms 3,455,000 Nonemployer Total Sales $83.6 billion Source: U.S. Census, ABS, NES-D, https://www.census.gov/programs-surveys/abs/data/nesd.html
Black Ownership Statistics 2024 (PDF, 61.2 KB)

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