Growing Economic Prosperity for All
With an increasingly diverse population and ever more customers clamoring for cultural and ethnic goods and services, minority business enterprises (MBEs) and their markets form a vibrant and growing part of our national economy.
Minority Business Spur Growth
- 5.7 million U.S. minority-owned businesses
- $1 trillion total annual gross sales and receipts
- 6 million employees hired
- $168 billion total annual payroll
- 11,244 total number of Small Business Administration (SBA) loans to MBEs
- $4 billion total amount loaned by SBA to MBEs
Sources: U.S. Census Bureau, 2007 Survey of Business Owners; Small Business Administration Loans to Minority-Owned Small Businesses, 2010