The Census Bureau released new estimates on the characteristics of American-employer businesses. The 2019 Annual Business Survey (ABS), covering 2018, indicates about 18.3% (1M) of all U.S. businesses were minority-owned; and about 19.9% (1.1M) of all businesses were owned by women. The statistics also include the four sectors with the most businesses - Professional, Scientific, and Technical Services; Construction; Health Care and Social Assistance; and Retail Trade. Combined, the estimated 2.8M businesses employed about 51.1M workers with an annual payroll of around $2.6T. Veteran-owned businesses made up about 5.9% (337,934) of all businesses. Hispanic-owned businesses had a growth of about 3% from 2017. In 2018, Hispanic-owned businesses made up about 5.8% (331,625) of all businesses. There was an estimated 577,835 Asian-owned businesses, with about 24.5% (141,746) in the Accommodation and Food Services sector. Asian-owned businesses had the largest estimated receipts ($863.3 billion) among minority groups. African-Americans owned about 124,551 businesses, with about 28.5% (35,547) in the Health Care and Social Assistance sector, the highest percentage of any minority group. (Source: Census Bureau 01/28/21) Data on Minority-Owned, Veteran-Owned and Women-Owned Businesses (census.gov)
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