During World War II, black-owned businesses in the United States faced significant challenges due to racial discrimination and segregation. However, a survey conducted by Joseph Pierce found that from 1941 to 1944, these businesses experienced a remarkable increase of 174%. According to the results, 26% of overall purchases of AfricanContinue Reading
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Black owned businesses with no employees in the United States increased 19.2% between 2012 and 2017 totaling 2,951,000 Black firms. Businesses with no employees refers to non-employer firms (ex: sole-proprietorships/ partnerships with no paid employees). However this data for 2017 does not include nonemployer C-corporations, which represent approximately 2% ofContinue Reading
Black owned employer businesses in the United States increased 13.6% between 2012 and 2017 totaling 124,000 Black firms. These businesses employed 1,208,270 people, an increase of 23.9 percent from 2012; their payrolls totaled $26.1 billion, an increase of 30.3 percent (not adjusted for inflation). Almost 1 in 3 (32%) ofContinue Reading
