Number of Black-Owned Businesses Increased by 61%

July 14, 2010  |  

(Black Enterprise) — The number of black-owned businesses increased by almost 61% between 2002 and 2007, according to a report released Tuesday by the Census Bureau. The “2007 Economic Census Survey of Business Owners” found that as of 2007, 1.9 million black businesses accounted for 7.1% of the nation’s businesses, 0.8% of total employees and about 0.5% of total receipts. A summary of the findings for black businesses can be found here.

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