U.S. flag

An official website of the United States government

Skip Header


Minority Enterprise Development Week: September 18-24, 2022

Press Release Number CB22-SFS.129

According to the U.S. Department of Commerce, The Minority Business Development Agency: Vital to Making America Great

“By 2044, the Nation’s prosperity will rely even more on minorities, the fastest growing segment of the population. Entrepreneurship is a sure pathway to wealth creation and a thriving national economy. Today, U.S. minority business enterprises (MBEs) represent 29% of all firms but only 11% have paid employees. If MBEs were to obtain entrepreneurial parity, the U.S. economy would realize 13 million more jobs.”

Small business

Key Stats

From Census.gov / Topics / Business and Economy:

Note: The source for the stats in the table above can be found in Table AB1800NESD05 below.

More Stats

Note: From QWI 101, Overview: The Quarterly Workforce Indicators (QWI) provide local labor market statistics by industry, worker demographics, employer age and size. Unlike statistics tabulated from firm or person-level data, the QWI source data are unique job-level data that link workers to their employers. Because of this link, labor market data in the QWI is available by worker age, sex, educational attainment, and race/ethnicity. This allows for analysis by demographics of a particular local labor market or industry – for instance, identifying industries with aging workforces.

From Surveys & Programs > Annual Business Survey (ABS) Program:  

Note: To pen the three tables above, you may need to first click “Filters” on the right to close that window, then under “DOWNLOAD TABLE,” click “open the table.”

Source: 2019 American Community Survey (ACS) 1-Year Estimates. 

Outside Links

Page Last Revised - August 23, 2022
Is this page helpful?
Thumbs Up Image Yes Thumbs Down Image No
NO THANKS
255 characters maximum 255 characters maximum reached
Thank you for your feedback.
Comments or suggestions?

Top

Back to Header