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California Legislative Bill(s)
WE SUPPORT THE FOLLOWING:

Assembly Bill 857 (AB 857) - The Clean Trucking Act

Assembly Bill (AB-525) -  Franchise Relations: Renewal and Termination

 

Black Business Statistics

 

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.

Kings County, New York, was third, with 52,705 black-owned firms.The two cities with the largest number of black-owned firms in 2007 were New York City, with 154,929 and Chicago, with 58,631.

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:

  1. Decide on a business idea. Think about your strengths and interests: What could you do forever? What could you never do? How do you feel about interacting with people or spending your time at a desk? Ask yourself these questions to narrow down your business ideas and options. 
  2. Research market demand and competition. You should feel confident that your product or service will have a hungry audience and that you can offer it in a better way than your competitors. 
  3. Write your business plan. You'll need the following components: 

    • Executive summary 
    • Organization and management 
    • Funding requests 
    • Company description 
    • Service or product line 
    • Financial projections 
    • Market analysis 
    • Marketing and sales plan 

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