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THE TAPESTRY - AEO works

The TAPESTRY of Black business Ownership in America1 THETAPESTRYOFBLACK business OWNERSHIPAMERICA:INUNTAPPED OPPORTUNITIES FOR SUCCESSThe TAPESTRY of Black business Ownership in America2 ACKNOWLEDGEMENTSAEO sincerely thanks the Kellogg Foundation for their generous support of this study. We also greatly appreciate the innovative analyses offered by Robert Fairlie, Professor of Economics, University of California, Santa Cruz; William A. Darity, Jr., Samuel DuBois Cook Professor of Public Policy, Duke University; and Khai Zaw, Statistical Research Associate, Samuel DuBois Cook Center on Social Equity, Duke University; as well as the insights offered by our expert roundtable participants. Finally, we would also like to thank Heather Livingston, Anthony Teat and Devette Brabson for their exemplary editing, design and production work on this report. ABOUT AEOThe Association for Enterprise Opportunity (AEO) is the leading voice of innovation in microfinance and microbusiness in the United States.

4 The Tapestry of Black Business Ownership in America EXECUTIVE SUMMARY As of the latest census data release, there were 2.58 million Black-owned businesses in the United States, generating $150 billion in annual revenue and supporting 3.56 million U.S. jobs.

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