Increase in Number of U.S. Black
In , there were about 3,, nonemployer businesses with Black owners, up % from 2,, in , according to the Census Bureau’s Nonemployer Statistics by Demographics (NES-D). Census Bureau data shows that American entrepreneurship as a whole has been increasing. Their impact could be amplified even further with inclusive public policies and greater access to capital. We calculate from our counted numbers an estimated value which represents a value that is closer to the actual value of the target population, as well as the achievable values for our measures of economic impact, i. Annual Survey of Entrepreneurs (ASE)
While Black Americans make up 12 % of the country’s LGBTQ+ population, we receive only 5 % of grant dollars. (ABFE) The top ten funders of Black LGBTQ communities accounted for 65 % of all support between The two largest funders are both pharmaceutical companies, and most of their grantmaking is focused on HIV/AIDS. Bowman established Official Black Wall Street in , which makes it easier for customers to find and support Black-owned businesses. Recently, due in part to the Black Lives Matter movement, the business experienced rapid growth, and as a result, Bowman has hired seven additional employees, all of whom are women. 2018
Business owners and entrepreneurs come from all walks of life, and in many ways mirror American life — and our economy. We see, however, that there is still a majority of gay and bisexual white male-owned businesses, but there are growing numbers of diverse business owners across race, ethnicity, and gender. This report analyzes several data sources to provide information on adults who self-identify as Black and LGBT in the U. It focuses on demographic characteristics and several key domains of well-being, including mental health, physical health, economic health, and social and cultural experiences.
Data and Statistics
Annual Survey of Entrepreneurs (ASE) Data The ASE provides annual data on select economic and demographic characteristics of employer businesses and their owners by sex, ethnicity, race, and veteran. .
StartOut Index
This report analyzes several data sources to provide information on adults who self-identify as Black and LGBT in the U.S. and by region. It focuses on demographic characteristics and several key domains of well-being, including mental health, physical health, economic health, and social and cultural experiences. .
Black Facts – NBJC
The StartOut Index empowers investors, researchers, government administrators, and people interested in supporting high-growth founders with data and LGBTQ statistics to understand the landscape of investment in LGBTQ+ founders. .
Black Business Ownership Statistics
In , United States-based foundations and corporations awarded 6, grants totaling $ million for organizations and programs addressing lesbian, gay, bisexual, transgender and queer issues around the world. . GEM Data
This report by National LGBT Chamber of Commerce was the first ever snapshot demonstrating the economic and social impact of America’s leading LGBT business owners and entrepreneurs. The report explores the types and sizes of LGBT-owned businesses certified by the NGLCC, the number of jobs they create, their geography, and the personal narratives of successful LGBT business owners. .