Economic Impact of African American-Owned Firms in 2018
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Quick Facts:
- There are 3.23 million African American-owned firms in the U.S. Of those, slightly more than 124 thousand are firms with paid employees.
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African American-owned employer firms contribute $128 billion in U.S. economic output and 1.18 million jobs.
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Employer firms owned by African Americans average 9 workers and $1.02 million in annual receipts.
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35% of all African American firms are owned by women and 56% of firms are owned by men.
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