African-American
Business Facts

African-American businesses are an important part of the American economy.

Minority owned businesses account for more than 3 million businesses in the United States.
Minority Businesses generated more than 4.5 million jobs.
Minority Businesses provided approximately $96 billion in payroll.
Minority Businesses generated more than $591 billion in revenue.
By 2050, minorities are projected to comprise almost 50 percent of the U.S. population.
Minority businesses are growing even faster than the population in terms of both numbers of new firms and revenues.
The minority population in the U.S. today represents a $1.3 trillion consumer marketplace; this number is projected to grow to at least $4.3 trillion and as much as $6.1 trillion by year 2045.