How Are Black and Women-Owned Businesses Doing?
(Small Business Trends) — The Census Bureau recently trumpeted news about growth in Black and women-owned businesses. With the press release bearing the headline of “Census Bureau Reports Minority Business Ownership Increasing at More Than Twice the National Rate,” the Census’s Press Office gave the impression that the 2007 Survey of Business Owners unearthed a boom in minority entrepreneurship. The press release explained that the number of “black-owned businesses in 2007 [was] up 60.5 percent from 2002….The number of white-owned businesses increased by 13.6 percent…. The number of women-owned businesses … [was] up 20.1 percent from 2002. By comparison, men-owned businesses … [were] up 5.5 percent from 2002.” By comparing White and Black entrepreneurs and male and female ones, the Census Bureau gave the impression that Black and female entrepreneurs did better than White, male ones between 2002 and 2007.