U.S. Business Fact Sheets

Minority-owned businesses were largely concentrated in California, Texas, Florida and New York, representing 55 percent of all minority-owned businesses in the United States.  Among the top four states, Texas and Florida gained a larger concentration of minority-owned businesses, from 12 percent in 2002 to 13 percent in 2007, and from 10 percent in 2002 to 12 percent in 2007, respectively.  

Minority-owned businesses grew more than four times as fast as U.S. firms overall between 1992 and 1997, increasing from 2.1 million to about 2.8 million firms, according to a report released today [PDF] by the Commerce Department's Census Bureau.

The 30 percent growth rate exceeded the 7 percent increase for all U.S. firms, which jumped from 17.3 million in 1992 to 18.4 million in 1997.

Receipts of all minority-owned firms (excluding C corporations) rose 60 percent to $335.3 billion in 1997, compared with a 40 percent increase for all U.S. firms over the same period.

In 2007 MBDA received a Special Tabulation from the U.S. Census Bureau, which provides actual estimates for all minority firms as "one group" by state. We are currently updating all remaining state profiles not yet listed below with the data from the Special Tabulation and with the adjusted statistics from the 2002 Survey of Business Owners which were re-issued by the Census in September of 2006.  For more information on the source, data methodology and standard errors please visit www.census.gov/csd/sbo/index.html.