5.2%-of-companies-in-2021-were-veteran-owned-»-finchannel

5.2% Of Companies In 2021 Were Veteran-Owned » FINCHANNEL

There were approximately 5.9 million employer firms in 2021 in total, of which, 1.2 million (21%) were minority-owned, 304,823 (5.2%) were veteran-owned, and around 1.3 million (22%) were owned by women, according to the 2022 Annual Business Survey (ABS), new estimates on the characteristics of employer businesses.

ADVERTISEMENT

Veteran-owned businesses had an estimated $922.2 billion in receipts, 3.3 million employees, and $179.9 billion in annual payroll.

Women-owned businesses had an estimated $2.1 trillion in receipts, 10.5 million employees, and $499.4 billion in annual payroll.

There were an estimated 642,950 Asian-owned businesses in the United States in 2021, and an estimated 151,933 (24%) of them were in the Accommodation and Food Services sector. Asian-owned businesses had the largest estimated receipts ($1.0 trillion) among minority race groups.

There were an estimated 161,031 Black or African American-owned businesses with $183.3 billion in annual receipts, 1.4 million employees, and about $53.6 billion in annual payroll. About 45,015 (28%) of these businesses were in the Health Care and Social Assistance sector.

There were an estimated 48,582 American Indian and Alaska Native-owned businesses with $54.4 billion in receipts, 307,933 employees, and approximately $12.9 billion in annual payroll.

There were an estimated 8,324 Native Hawaiian and Other Pacific Islander-owned businesses with approximately $10.5 billion in receipts, 53,277 employees, and $2.5 billion in annual payroll.

The number of Hispanic-owned businesses grew about 8.2% from 375,256 in 2020 to 406,086 in 2021 and made up about 6.9% of all businesses with an estimated $572.9 billion in annual receipts, 3.0 million employees, and approximately $124.4 billion in annual payroll.

About the author: Admin Verified Member Verified Professional Verified Black Owned
We created this site to help Black-Owned Businesses in the USA.

Get involved!

Get Connected!
Join our Community and Expand your audience and get to know New Black-Owned-Business!

Comments

No comments yet