Stats Show Minority Business Spur Growth

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