How the Business was Initially Acquired

Data table with values from the U.S. Census Bureau Survey of Business Owners for 2012. The data shows how businesses were initially acquired, either founded, purchased, inherited or by gift. This data is partitioned by the major races/ethnicities, White, Hispanic, Black/African-American, and Asian.

Black-Owned businesses were the least likely to have been either Purchased, Inherited, or Gifted.  78.5% of Black-Owned businesses with paid employees were Founded or Started. 

When it comes to businesses that do not have paid employees, the overwhelming majority were Founded or Started no matter the Race or Ethnicity.