The Annual Business Survey (ABS) recorded 161,031 Black-owned businesses in the US as of 2021. These businesses employed over 1.4 million people and generated about $206.1 billion in revenue (adjusting for inflation to 2023 dollars).
The ABS identified 5.9 million businesses whose ownership could be classified by race.[1] These businesses generated over $19.5 trillion, while Black-owned enterprises accounted for 2.8% of these businesses and 1.1% of their revenue — but those numbers have been rising steadily for the past few years.
