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Minority Business Ownership Is Increasing
By Mybrotha.COM Staff Writer - July 21, 2010

(Mybrotha.COM) - Even though the economy is still recovering from a devastating recession, minority and black-owned businesses are still making progress. According to the U.S. Census Bureau, there were 1.9 million black-owned businesses in 2007, up 60.5 percent from 2002. Receipts of these businesses totaled $137.4 billion, up 55.1 percent from 2002.

Black-owned businesses accounted for 28.2 percent of businesses in the District of Columbia, which led the nation, followed by Georgia, where 20.4 percent of businesses were black-owned, and Maryland, where 19.3 percent of businesses were black-owned.

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