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2018 Virginia State Fact Sheet

 

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   Quick Facts:
  • In 2018, there were over 776 thousand businesses in Virginia , of which more than 246 thousand were minority-owned firms.

  • Minority-owned firms in Virginia employed over 290 thousand people in 2018.

  • Minority-owned firms represented 32.8% of all firms located in the state.

  • The number of minorityowned firms in Virginia increased 5.4% between 2017 and 2018.