January 28, 2021

Census Bureau: Data on Minority-Owned, Veteran-Owned, and Women-Owned Businesses Released

The U.S. Census Bureau today released new estimates on the characteristics of employer businesses. According to the 2019 Annual Business Survey (ABS), covering reference year 2018, approximately 18.3% (1.0 million) of all U.S. businesses were minority-owned and about 19.9% (1.1 million) of all businesses were owned by women.

Additional statistics released include:

The ABS is sponsored by the National Center for Science and Engineering Statistics (NCSES) within the National Science Foundation (NSF) and conducted jointly with the Census Bureau. The ABS measures research and development for microbusinesses, innovation and technology, and provides annual data on select economic and demographic characteristics for businesses and business owners by sex, ethnicity, race and veteran status. Additional data on research and development and innovation will be released by NCSES in the coming months.

The ABS only includes tabulations for employer businesses, which are businesses with paid employees. The collection year is the year that the data are collected. A reference year is the year that is referenced in the questions on the survey, from where the statistics are tabulated. For example, the 2019 ABS collection year produces statistics mostly for the 2018 reference year.

This post was originally published here.