The number of black-owned businesses in the U.S. increased by 60.5% to 1.9 million between 2002 and 2007, more than triple the national rate according to U.S. Census data released Tuesday. The number of businesses across the country increased by 18% in the same amount of time.
Black-owned businesses, which are defined by the government as firms with African-American owners holding a 51% or larger stake in the business, raked in $137 billion in sales and receipts and made up 7.1% of businesses nationwide in 2007, compared to 5.2% in 2002. Read More
No comments:
Post a Comment