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2018 Massachusetts State Fact Sheet

 

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   Quick Facts:
  • In 2018, there were over 711 thousand businesses in Massachusetts, of which more than 133 thousand were minority-owned firms.

  • Minority-owned firms in Massachusetts also employed over 133 thousand people in 2018.

  • Minority-owned firms represented 19.4% of all firms located in the state.

  • The number of minorityowned firms in Massachusetts increased 8.4% between 2017 and Estimated Change in Number of Firms and Employees 2017 - 2018 2018.