ABSTRACT
The number of black-owned businesses is increasing at twice the rate of all small businesses in the United States. Between 1982 and 1992, the latest period for which census of minority business data are available, black-owned businesses increased by 7.3 percent annually and their employment capacity grew by 11 percent annually. Even though they account for just 3.6 percent of all small firms and 1 percent of small business revenue, their growth trend is impressive. Assuming the current growth rate can be sustained through the first decade of the next century, black-owned businesses will number well over 2 million.
