How many Black-owned companies are publicly traded?
There are only nine publicly traded companies owned by black entrepreneurs. According to the Washington Post, since the start of covid ownership and black businesses on Wall Street have dropped more than 40%.
- RLJ Lodging Trust (RLJ)
- Urban One, Inc. (UONE)
- Global Blood Therapeutics, Inc. (GBT)
- Carver Bancorp, Inc. (CARV)
Among our findings: In 2019, there were 134,567 Black-owned employer businesses (businesses with more than one employee) in all sectors of the U.S. economy, an 8% hike from the 124,551 Black-owned employer businesses in 2018, according to the ABS.
There are many contenders for the largest black owned business in the US, but one of the top ones would be staffing agency ActOne Group, run by Janice Bryant Howroyd with over 2 million dollars in revenue and more than 2000 employees.
RLJ Lodging Trust, one of the largest publicly owned Black businesses, reported total assets of $5.92 billion in June 2020.
In March of 2009, Johnson Products Co. was purchased by an African American investment firm, which reestablished its position as a Black-owned company.
Coca-Cola Florida, one of the largest Black-owned businesses in the U.S. and the largest in Florida, has been selected as a 2022 U.S. Best Managed Company. Founded in 2015, Coca-Cola Florida is the third-largest privately held and sixth-largest minority-owned business in the state.
Business Owner Statistics By Race
The most common ethnicity among business owners is White, which makes up 70.8% of all business owners.
Maryland
The Free State ranks 1st nationally for the most Black-owned businesses per 1 million people (1,213), and also ranks 1st in percent of the workforce employed by Black-owned businesses (3.49%).
Today at 55, Ellison stands out as one of only three Black Fortune 500 CEOs, bringing with him 35 years of retail experience, including as the former CEO of J.C. Penney and various senior operations roles at rival Home Depot.
What is the oldest black-owned business?
Founded by entrepreneur John T. Ward in 1881 in Columbus, Ohio, E.E. Ward Moving & Storage Co. has withstood the test of time and continues to operate as the oldest Black-owned business in the United States.
Fayetteville, N.C., has the highest percentage of Black-owned businesses in the U.S., according to a new LendingTree study for Black History Month. Other metros in the South — including Washington, D.C. — join Fayetteville at the top of the list.
- Oprah Winfrey.
- Daymond John.
- Michael Jordan.
- Robert L. Johnson and Sheila Johnson.
- Janice Bryant Howroyd.
- Sean Combs.
- Jay-Z and Beyoncé
- George Foreman.
There has never been a Black owner in the NFL. With the Denver Broncos up for sale, NFL commissioner Roger Goodell said during the Super Bowl last week that the league would ”love to see a diverse owner'' to buy that franchise.
In 2019, there were a total of 5,771,292 employer firms (businesses with more than one employee), of which only 2.3% (134,567) were Black-owned, even though Black people comprise 14.2% of the country's population.
The Fortune 500 List Has A 'Record Number' Of Black CEOs — But There's Still Only 6 Of Them. Bernadette Giacomazzo. May 30, 2022. Fortune Magazine recently released its annual Fortune 500 list, and the outlet was quick to brag that it had a “record number” of Black CEOs on its coveted list.
In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange, according to CNN Money.
Johnson Products, famous for Ultra Sheen and Gentle Treatment hair care, made history back in 1971 as the first African American company to be listed on the New York Stock Exchange. Now, after being a part of Proctor & Gamble for five years, the illustrious brand is once again Black-owned.
Our story started in Racine, Wisconsin way back in 1886. Today, we are a global manufacturer of household and professional products for cleaning, storage, air care, pest control and shoe care. And we are still family-led.
Cash flow issues are a major culprit in the failure of Black-owned businesses. Businesses with a positive cash flow have the required operating funds to settle debts, pay employees, reinvest in the business, etc.
Who owns co*ke Florida?
Coca-Cola Beverages Florida, LLC (co*ke Florida) is a family-owned independent Coca-Cola bottler. co*ke Florida's exclusive territory covers over 20 million consumers across 47 Florida counties, and includes the major metropolitan markets of Jacksonville, Miami, Orlando, and Tampa.
- Get certified as a minority-owned business. ...
- Use minority-owned badges. ...
- Ask customers to write online reviews. ...
- Share your unique experiences as a minority entrepreneur. ...
- Leverage digital tools to free up time for networking and collaboration.
The majority of U.S. businesses are small, relatively new and owned by white Americans, according to new data published Thursday by the Census Bureau. The bureau estimates there were 5.4 million companies and businesses with paid employees at the end of 2014.
According to the 2020 Annual Business Survey (ABS), which covers reference year 2019, approximately 18.7% (1.1 million) of U.S. employer businesses were minority-owned, veteran-owned businesses made up about 5.7% (331,151) of all businesses.
When Black-Owned Businesses are in high demand, the companies become more profitable. Supporting these businesses contributes to creating entrepreneurial opportunities. Entrepreneurship fuels economic prosperity and serves as a bridge for low-income families to move up to middle-class status.
The Fortune 500 List Has A 'Record Number' Of Black CEOs — But There's Still Only 6 Of Them. Bernadette Giacomazzo. May 30, 2022. Fortune Magazine recently released its annual Fortune 500 list, and the outlet was quick to brag that it had a “record number” of Black CEOs on its coveted list.
In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange, according to CNN Money.
Shareef Abdul-Malik, We Buy Black's Founder, started the company with little more than a dream. He launched a Kickstarter campaign with the goal of raising $30,000. He promised the community that if they would help him build We Buy Black, the company would recycle millions back into Black businesses.
