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Economic Impact of African American-Owned Firms in 2018


African American Firms

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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.
  • African American-owned employer firms contribute $128 billion in U.S. economic output and 1.18 million jobs.

  • Employer firms owned by African Americans average 9 workers and $1.02 million in annual receipts.

  • 35% of all African American firms are owned by women and 56% of firms are owned by men.