Minority Entrepreneurs

The number of businesses in minority communities continues to grow, adding to America’s competitive advantage and unleashing economic potential. According to the 2022 Annual Business Survey (ABS), which covers reference year 2021, there were approximately 5.9 million employer firms in total, of which, 1.2  million (21%) were minority-owned. The Committee is working to increase opportunities to help minority entrepreneurs start and grow their small businesses including through increasing access to capital, opening up more contracting opportunities, and providing entrepreneurial services in more communities. 

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