U.S. flag

An official website of the United States government

Dot gov

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Https

Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

  1. Home

Economic Impact of African American-Owned Firms in 2018

  

African American Firms

Click to view and download

    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.