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Wednesday, June 3, 2015

Most Black-Owned Businesses Fall Into One of These 9 Categories

Black-owned social assistance business

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:
  1. Health care and social assistance - 365,140/ 20 percent
  2. Other services, including repair, maintenance, personal and laundry services sectors - 358,443/ 20 percent
  3. Administrative Support, waste management, and remediation services - totaled 216,763/ 11 percent
  4. Transportation and warehousing - totaled 168,386/ 9 percent
  5. Professional, scientific, technical - totaled 163,761/ 9 percent
  6. Retail - totaled 148,181/ 7.8 percent
  7. Construction - a total of 125,818/ 6.6 percent
  8. Real estate, rental, leasing - totaled 92,655/ 4.8 percent
  9. Arts, entertainment, recreation - a total of 86,357/ 4.5 percent
The remaining 10 percent are in education services, finance, insurance, food service, information, wholesale trade, manufacturing, agriculture, utilities, other industries, and management of other companies.

To read more, visit www.blackdemographics.com/economics/black-owned-businesses/



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