Between 2002 and 2007, black-owned businesses in the U.S. increased 60.5 percent, totaling 1.9 million firms, according to BlackDemographics.com. Almost half of them, or 4 out 10, operate in healthcare and social assistance, and in other services.
Top industries for black-owned businesses
Out of all the 1.9 million businesses owned by blacks in 2007, here is the breakout by industry:
- Health care and social assistance - 365,140/ 20 percent
- Other services, including repair, maintenance, personal and laundry services sectors - 358,443/ 20 percent
- Administrative Support, waste management, and remediation services - totaled 216,763/ 11 percent
- Transportation and warehousing - totaled 168,386/ 9 percent
- Professional, scientific, technical - totaled 163,761/ 9 percent
- Retail - totaled 148,181/ 7.8 percent
- Construction - a total of 125,818/ 6.6 percent
- Real estate, rental, leasing - totaled 92,655/ 4.8 percent
- Arts, entertainment, recreation - a total of 86,357/ 4.5 percent
To read more, visit www.blackdemographics.com/economics/black-owned-businesses/