How many businesses are owned by minorities?

How many businesses are owned by minorities?

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 black businesses are in Illinois?

While Illinois has more than 132,000 Black-owned business, comprising 11 percent of all Illinois businesses, these business owners have historically experienced barriers in accessing capital and other key business resources.

What percentage of small businesses are black-owned?

Key findings. Just 2.4% of U.S. businesses have Black owners, even though Black people represent 12.8% of the U.S. population. Meanwhile, 86.5% of U.S. businesses have white owners, despite white people accounting for a lower percentage — 72.0% — of the U.S. population.

How many minority-owned small businesses in the US?

Nationally, as of the latest census data release, there were 3.12 million Black-owned businesses in the United States, generating $206 billion in annual revenue and supporting 3.56 million U.S. jobs.

What is the biggest black-owned business?

RLJ Lodging Trust, one of the largest publicly owned Black businesses, reported total assets of $5.92 billion in June 2020.

Is the owner of Lowes Black?

Today at 55, Ellison stands out as one of only three Black Fortune 500 CEOs, bringing with him 35 years of retail experience, including as the former CEO of J.C. Penney and various senior operations roles at rival Home Depot.