{"id":317,"date":"2011-02-09T10:00:00","date_gmt":"2011-02-09T10:00:00","guid":{"rendered":"https:\/\/blogs-dev.lib.uconn.edu\/outsidetheneatline\/2011\/02\/09\/census-bureau-reports-the-number-of-black-owned-businesses-increased-at-triple-the-national-rate\/"},"modified":"2011-02-09T10:00:00","modified_gmt":"2011-02-09T10:00:00","slug":"census-bureau-reports-the-number-of-black-owned-businesses-increased-at-triple-the-national-rate","status":"publish","type":"post","link":"https:\/\/blogs-dev.lib.uconn.edu\/outsidetheneatline\/2011\/02\/09\/census-bureau-reports-the-number-of-black-owned-businesses-increased-at-triple-the-national-rate\/","title":{"rendered":"Census Bureau Reports the Number of Black-Owned Businesses Increased at Triple the National Rate"},"content":{"rendered":"

From The US Census Bureau Newsroom:<\/span><\/h2>\n

Census Bureau Reports the Number of Black-Owned Businesses Increased at Triple the National Rate<\/h2>\n
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\u00a0\u00a0\u00a0\u00a0\u00a0From 2002 to 2007, the number of black-owned businesses increased by 60.5 percent to 1.9 million, more than triple the national rate of 18.0 percent, according to the U.S. Census Bureau’s Survey of Business Owners. Over the same period, receipts generated by black-owned businesses increased 55.1 percent to $137.5 billion.<\/div>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u201cBlack-owned businesses continued to be one of the fastest growing segments of our economy, showing rapid growth in both the number of businesses and total sales during this time period,\u201d said Census Bureau Deputy Director Thomas Mesenbourg.<\/div>\n
\u00a0\u00a0\u00a0\u00a0These new data come from the\u00a0Survey of Business Owners: Black-Owned Businesses: 2007<\/em><\/a>. The survey provides detailed information every five years for black-owned businesses, including the number of firms, sales and receipts, number of paid employees and annual payroll.<\/div>\n
\u00a0\u00a0\u00a0\u00a0Data are presented by geographic area (nation, state, county, city and metro area), industry and size of business. Preliminary national and state data were released in July 2010.<\/div>\n
\u00a0\u00a0\u00a0\u00a0In 2007, nearly four in 10 black-owned businesses operated in the health care and social assistance; and repair, maintenance, personal and laundry services sectors. The retail trade and health care and social assistance sectors accounted for 27.4 percent of black-owned business revenue.<\/div>\n
\u00a0\u00a0\u00a0\u00a0Among states, New York had 204,032 black-owned businesses and accounted for 10.6 percent of the nation’s black-owned businesses, followed by Georgia, with 183,874 black-owned businesses (9.6 percent) and Florida, with 181,437 (9.4 percent).<\/div>\n
\u00a0\u00a0\u00a0\u00a0Among counties, Cook, Ill., had the most black-owned businesses, with 83,733, accounting for 4.4 percent of all the nation’s black-owned businesses. Los Angeles followed with 59,680 (3.1 percent) and Kings, N.Y., with 52,705 businesses (2.7 percent).<\/div>\n
\u00a0\u00a0\u00a0\u00a0Among cities, New York had the most black-owned businesses, with 154,929 (8.1 percent of all the nation’s black-owned businesses), followed by Chicago, with 58,631 (3.1 percent), Houston, with 33,062 (1.7 percent) and Detroit, with 32,490 (1.7 percent).<\/div>\n
\u00a0\u00a0\u00a0\u00a0Other highlights:<\/div>\n