On May 19, 2020, the U.S. Census Bureau released new statistics from the 2018 Annual Business Survey (ABS). According to the data, covering year 2017, 1.1 employer firms were owned by women and 1.0 million by minorities. The industries with the most women-owned businesses include: the healthcare and social assistance industry (16.9%); professional, scientific and technical services industries (16.4%); and the retail trade industry (11.7%).

The top sectors for Hispanic-owned firms were construction (15.6%), accommodation and food services (13.0%), and professional, scientific and technical services (10.6%). Hispanic firms in these top three industries employed approximately 1.2 million workers with an annual payroll of approximately $35.8 billion. There were 555,638 Asian-owned businesses, with 23.9% in the accommodation and food sector. Black or African Americans owned 124,004 firms in 2017 with 32.0% of these firms in the healthcare and social services industry.

You can find the data release here and the full Annual Business Survey here

At Wright, Constable & Skeen we are proud to recognize our female business leaders at the firm, including our attorneys: Renee Bronfein Ades, Mollie Caplis, Cynthia Rodgers-Waire, and Mary Alice Smolarek. We are also proud to support women and minority-owned businesses through our Rosie the Lawyer Program for female CollegeBound Foundation students.