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The U.S. Census Bureau published a survey about Black-owned businesses in 2007. Below are links to some statistics based on the survey. The next installment of the survey is scheduled to be published in 2015.
Survey of Businesses – Black-Owned Firms 2007 Table 4.
Summary Statistics for Black- or African American Owned Firm in the 50 Most Populous Metropolitan Statistical Areas 2007
New York had the largest number of black-owned firms at 204,032 (10.6 percent of all black-owned firms), with receipts of $12.8 billion (9.3 percent of all black-owned firm receipts).
Georgia and Florida were next with 183,874 (9.6 percent) and 181,437 (9.4 percent) black-owned firms respectively, with receipts of $8.9 billion (6.5 percent) and 10.6 billion (7.7 percent) respectively.
Among U.S. counties, Cook County, Illinois, had the largest number of black-owned firms in 2007 at 83,733.
Los Angeles County, California had the second largest number of black-owned firms, with 59,680.
Statistics on Black and African American Women Owned businesses can be found through the National Women’s Business Council. In 2007, it was estimated that there were nearly 7.8 million Women Owned firms in the U.S., of which nearly 912,000 were Black Women Owned Firms. See pages 16-18 of the report below.Women-Owned Firms in the United States.
When Starting a New Business - Consider This!
According to Forbes, more than 500,000 small businesses open each month. If you're looking to join the entrepreneurial club, consider this planning guide for starting a small business.
Laying the Groundwork
It's important to have a well-developed business proposal that meets an untapped need. Follow these steps to think yours through:
Setting Up Shop:
1. Before getting your small business up and running, you'll need to complete the following legal requirements. Consult an attorney and/or accountant for guidance relevant to your specific situation.
2. Decide your business structure. Is your business a sole proprietorship or a partnership? The Internal Revenue Service (IRS) can provide more information on types of business structures.
3. Most states require you to apply for one or more licenses, permits or identification numbers. Learn more about the small business requirements for your state.
4. If you plan to employ people to help run your small business, you'll need to apply for employee identification numbers through the IRS.
Determine whether you will use the calendar year or a fiscal year for taxes