Black-Owned Business Demographics
How do Black-owned businesses, in Texas in general and in the DFW Metroplex in particular, stack up against regional and national statistics? Information published by the U. S. Census Bureau provides a statistical view.
Historically, the U. S. Census Bureau has provided business ownership data from two major surveys:
- Survey of Business Owners (SBO)
- Annual Survey of Entrepreneurs (ASE)
The SBO was conducted every 5-years, while the ASE was an annual endeavor. The data provided by the ASE, while more frequent, was not as complete as that provided by the SBO.
The ASE only provided data about businesses that had paid employees, while the SBO provided information about businesses that did not have employees as well as those that did have employees.
The most recent SBO is for the year 2012 and the most recent ASE is for the year 2016. The SBO for 2012 and the ASE for 2014, 2015, and 2016 will be the sources for the data that will be discussed.
In June of 2018, the U. S. Census Bureau announced plans to replace both the SBO and the ASE with the Annual Business Survey (ABS). The initial ABS survey results, which will be for the year 2017, are currently scheduled to be released in December of 2019.
So until then, let’s discuss the data that we do have. The data we are discussing is for Non-Publicly held and other businesses classifiable by gender, ethnicity, race, and veteran status.
So no public corporations have data in the tables and graphs that will be presented.