Small Business Startup News

African American Owned Small Businesses Double Between 2002 And 2007

Written by Jenna Weiner
Published: 2/9/2011

According to new data from the U.S. Census Bureau, the number of African-American businesses have surged nationwide, particularly in the Dallas-Fort Worth region.

Recent small business news reports that the demographics of this sector are diversifying in some regions of the country.

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According to information released Tuesday by the U.S. Census Bureau, the growth in the number of African-American-owned businesses in the Dallas-Fort Worth area outpaced state and national increases from 2002 to 2007.

The Census revealed that the number jumped 105 percent to 56,309 in 2007 from 27,514 in 2002 in the Dallas-Fort Worth region, while statewide businesses increased 74 percent to 154,281 in 2007.

"The growth of African-American-owned businesses continues at a fast rate, but their true economic potential is still unrealized," Ivonne Cunarro, chief knowledge officer of the Minority Business Development Agency, said Tuesday during a conference call with the Dallas Morning News.

The Dallas-Fort Worth region was not the only area to see outstanding growth. In metro Atlanta, African-American-owned businesses grew by 99 percent between 2002 and 2007.

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