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The Number of Minority Nonemployer Firms Grew by Nearly 17% between 2014 and 2017
U.S. Census Bureau Releases New Data Product
Washington DC, Dec. 18, 2020 (GLOBE NEWSWIRE) The Nation’s nearly 8.2 million minority nonemployer firms generated $279.3 billion in revenues in 2017 and grew in number at four times the rate of nonminority nonemployer firms between 2014 and 2017. The U.S. Department of Commerce’s Minority Business Development Agency (MBDA), in collaboration with the U.S. Census Bureau (Census), released these new statistical data today in the 2017 Minority Business Summary for Nonemployer Businesses (Summary). The Summary provides an overview of minority nonemployer businesses by race, sex, veteran status and state, drawn from the Census Bureau’s new Nonemployer Statistics by Demographics (NES-D) data product, including growth comparisons to 2014 levels and to non-minority nonemployer firms.