by Christine Hansen for MDBizMedia
The U.S. Census Bureau today released data on black-owned businesses in the country from their 2007 Survey of Business Owners, part of the 2007 Economic Census. Maryland ranked second in the nation of States with the largest percentage of black-owned businesses, with a total of 102,135. The District of Columbia ranked first.
Of the large counties in the nation with the highest percentage of black owned firms, Prince George’s County ranked first and Baltimore City ranked third in the nation. Baltimore City, with a total of 14,644 firms, was also high on the list of large cities with a high percentage of black owned firms.
The data release shows that the number of black-owned businesses in the Washington metropolitan region increased by 42.1 percent. Receipts generated by these businesses increased to $9.3 billion, a 44.2 percent increase.
According to the report, the nation saw a 60.5 percent increase of nonfarm U.S. businesses owned by blacks. The nation also saw a 22 percent increase in black-owned employer firms, with a total payroll of $23.9 billion.
The industries showing the largest number of black-owned businesses in the Washington metropolitan area included health care and social assistance and professional, scientific, and technical services.