A Sharp Pickup In Black EntrepreneurshipGene Koretz
Black-owned businesses multiplied far faster in the 1980s than businesses in general. The Commerce Dept. reports that such businesses rose by 38%, from 308,000 in 1982 to 424,000 in 1987, while all U. S. businesses rose just 14%. Total black business revenues, on the other hand, just managed to keep pace with the 106% increase in all U. S. business receipts. Commerce estimates that blacks owned about 3% of the nation's companies in 1987 and garnered 1% of U. S. business revenues.