Читать книгу Supplier Diversity For Dummies - Kathey K. Porter - Страница 19

The desire to achieve the American Dream allows entrepreneurship to experience explosive growth with minority populations. Supplier diversity as a strategy makes business-to-business (B2B) and business to government (B2G) contracting a viable and achievable path for many entrepreneurs. The federal government alone is required to set aside at least 23 percent of its total spending specifically for small and diverse businesses.

According to research released by the U.S. Department of Commerce’s Minority Business Development Agency (MBDA), in collaboration with the U.S. Census Bureau (Census), the following list highlights recent growth trends for minority business:

 In 2017, the nation’s minority nonemployer firms (firms with no employees; using primarily 1099 contractors) generated over $279.3 billion in receipts.

 The number of minority nonemployer firms grew by 16.7 percent to 8.169 million between 2014 and 2017, nearly four times the 4.2 percent growth in the number of non-minority nonemployer firms.

 Of the 8.169 million minority nonemployer firms in 2017,3.635 million (44.5 percent) were Hispanic-owned (By official definition, the owner of a Hispanic-owned firm may be of any race.)2.951 million (36.1 percent) were Black or African American-owned1.960 million (24.0 percent) were Asian-owned84,500 (1.0 percent) were American Indian or Alaska Native-owned38,500 (0.5 percent) were Native Hawaiian and Other Pacific Islander-owned

 Minority women-owned nonemployer firms totaled 3.779 million (46.3 percent of total minority nonemployer firms), with receipts totaling over $83.7 billion.

 Minority veteran-owned nonemployer firms were 312,000 (3.8 percent of total minority nonemployer firms), with receipts totaling over $9.3 billion.