• Study Shows Black Businesses Rose 60 Percent From 2002-2007

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    Chicago– According to the U.S. Census, Black owned businesses have risen by 60% from 2002 to 2007. ABC News reports:

    The number of black-owned businesses in the U.S. increased by 60.5% to 1.9 million between 2002 and 2007, more than triple the national rate according to U.S. Census data released Tuesday. The number of businesses across the country increased by 18% in the same amount of time.

    Blacked-owned businesses were prominent in health care and social assistance (19% of black-owned businesses), repair and maintenance and personal and laundry services (19% of black-owned businesses), and administrative and support and waste management and remediation services (11% of black-owned businesses) industries.

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