What state has the most minority-owned businesses?

What state has the most minority-owned businesses?

Maryland The Free State ranks 1st nationally for the most Black-owned businesses per 1 million people (1,213), and also ranks 1st in percent of the workforce employed by Black-owned businesses (3.49%).

How many businesses are minority-owned in the US?

According to the 2020 Annual Business Survey (ABS), which covers reference year 2019, approximately 18.7% (1.1 million) of U.S. employer businesses were minority-owned, veteran-owned businesses made up about 5.7% (331,151) of all businesses.

How many minority business owners are there?

There are now more than four million minority-owned companies in the United States, with annual sales totaling close to $700 billion.

What race owns the most businesses in the US?

The most common ethnicity among Business Owners is White, which makes up 70.8% of all Business Owners. Comparatively, there are 14.4% of the Hispanic or Latino ethnicity and 6.2% of the Asian ethnicity.

Where do most Black entrepreneurs live?

The top 20 cities for Black entrepreneurs to start a business

• Atlanta, Georgia.
• Montgomery, Alabama.
• Memphis, Tennessee.
• Washington, D.C.
• Durham, North Carolina.
• Savannah, Georgia.
• Baton Rouge, Louisiana.
• Baltimore, Maryland.

Where are the most black-owned business?

Fayetteville, N.C., has the highest percentage of Black-owned businesses in the U.S., according to a new LendingTree study for Black History Month. Other metros in the South — including Washington, D.C. — join Fayetteville at the top of the list.