Stats Show Minority Business Spur Growth

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Growing Economic Prosperity for All

With an increasingly diverse population and ever more customers clamoring for cultural and ethnic goods and services, minority business enterprises (MBEs) and their markets form a vibrant and growing part of our national economy.

Minority Business Spur Growth

  • 5.7 million U.S. minority-owned businesses
  • $1 trillion total annual gross sales and receipts
  • 6 million employees hired
  • $168 billion total annual payroll
  • 11,244 total number of Small Business Administration (SBA) loans to MBEs
  • $4 billion total amount loaned by SBA to MBEs

Sources: U.S. Census Bureau, 2007 Survey of Business Owners; Small Business Administration Loans to Minority-Owned Small Businesses, 2010