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African-American Business Facts

African-American businesses are growing in the United States ...

The most recent U.S. Census data shows that African-American-owned businesses are growing faster than all other minority-owned businesses, which altogether are growing faster than the national average.
— SmartMoney.com, March 14, 2006

There are 1.2 million African-American-owned businesses generating $89 billion in revenues.
— Minority Business Development Agency, MBDA.gov, April 21, 2006

African-American women in the U.S. own approximately 414,472 majority-owned, privately-held businesses, employ 254,000 people and generate $19.5 billion in sales.
— National Women's Business Council, Fact Sheet, June 2006

At any given time, about 10 million American adults are starting almost 6 million businesses. African-Americans are 50% more likely to start a business than Caucasians.
— Ibid

Among CEOs of African-American businesses that have shown growth of at least 5% over the past five years, the desire to exercise more control over their own destinies was the biggest reason most of them they wanted to start their own business.
— Ibid