Recently released data from the 2012 Survey of Business Owners — the Census Bureau’s snapshot of American business — shows that the fraction of businesses owned by African-Americans rose considerably between 2007 and 2012. In 2007, 7.1 percent of U.S. companies were headed by an African-American. By 2012, that share had risen to 9.4 percent.
The share of businesses with employees headed by African-Americans also rose from 1.9 percent in 2007 to 2.0 percent in 2012. These changes indicate that entrepreneurship among African-Americans is rising faster than among all Americans.
More African-Americans Are Becoming Entrepreneurs, But Gap Remains
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