Culture Report | Featured | Trey Brazier

The Number Of Black Owned Businesses Have Increased Over The Years

Female diner owner, portrait
Saint Petersburg, Florida, USA


According to a new Pew Research Center report, Black-owned businesses increased in 2020 but still accounted for a small share of the firms and revenue across the United States.


The report showed that Black-owned companies grew from an estimated 124,004 in 2017 to 140,918 in 2020, and gross revenue was an estimated $141.1 billion in 2020,


Reportedly, those businesses represented only 3 percent of all U.S. firms classifiable by race and ethnicity.