As the U.S. prepares to celebrate Labor Day, African Americans can celebrate reaching nearly 3.5 million Black-owned businesses in the United States. Those are the latest numbers from the U.S. Census Bureau’s “Non-Employer Business Data by Demographic Characteristics of Owners” statistics from earlier this year.
Small African-American businesses earned a combined total of $83.6 billion dollars and represented 12.7% of all businesses in the nation, according to the report.