February Black History Month Black Business Facts

Business Resources / Sunday, February 1st, 2009

Every year, the US Census provides some great Black History Month facts that cover several categories. Here is the latest on Black Business for 2009:

$88.6 billion
Revenues for
black-owned businesses in 2002. The number of black-owned businesses
totaled nearly 1.2 million in 2002 (and hence, my directory, OneMillionBlackBusinesses.com). Black-owned firms accounted for 5
percent of all nonfarm businesses in the United States.

The number of black-owned firms in New York in 2002, which led all
states. New York City alone had 98,080 such firms, which led all cities.

The number of black-owned firms operating in 2002 with receipts of $1
million or more. These firms accounted for 1 percent of the total
number of black-owned firms in 2002 and 55 percent of their total
receipts, or $49 billion.

The number of black-owned firms with 100 or more employees in 2002.
Firms of this size accounted for 24 percent of the total revenue for
black-owned employer firms in 2002, or $16 billion.

You can use these Facts for Features in your own publications as appropriate. Since most of the business data is based on 2002 reponses, not much has changed but you will find some interesting year over year changes, both positive and negative, in many of the other categories. Visit the Census press release site to view or download some great thought-provoking facts for discussions about population, education, business, families, health care, jobs, military service, and home ownership.

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