Women owned 41.1% (11.2 million) and minorities owned 36.7% (10 million) of the nation’s nonemployer businesses (those without paid employees) and had $307.9 billion and $345.l billion, respectively, in receipts in 2020, according to the new Non employer Statistics by Demographics (NES-D) released today by the U.S. Census Bureau. There were a total of 27.2 million nonemployer businesses with $1.3 trillion in receipts in 2020.
In addition to demographic characteristics of nonemployer business owners, this release also includes data by urban and rural classification, receipt size of firm, and legal form of organization (e.g., sole proprietorships and partnerships).
The NES-D is an annual statistical series that uses existing administrative records and census data to link demographic characteristics of owners to the universe of nonemployer busi nesses. Nonemployer businesses are those without paid employees and are subject to federal income tax, with receipts of $1,000 or more. The NES-D statistics are the accompanying dataset to the Annual Business Survey (ABS) data on employer businesses (those with paid employees) and when combined with the ABS, provide a complete picture of business owner demographics, such as sex, race, ethnicity and veteran status.
Highlights for nonemployer businesses in 2020:
- Hispanic-owned firms accounted for 16.4% (4.5 million) of nonemployer businesses and had $164.0 billion in receipts.
- Veteran-owned firms made up about 8% (1.3 million) of nonemployer businesses with $57.0 billion in receipts.
- Asian-owned finns accounted for 6% (2.3 million) of nonemployer businesses, with receipts of $106.1 billion, the most receipts among businesses owned by minority race groups.
- Black or African American-owned firms made up 2% (3.6 million) of nonemployer businesses, with receipts of $85.8 billion.
- American Indian or Alaska Native owned firms accounted for 2% (329.0 thou sand) of nonemployer businesses, with $10.7 billion in receipts.
- Native Hawaiian or Other Pacific Island er-owned firms accounted for 3% (83.5 thou sand) of nonemployer businesses, with $2.8 billion in receipts.
This release also includes demographic sta tistics of all businesses, those with and without employees, combining results from the previ ously released 2021ABS (data year 2020) and the 2020 NES-D (data year 2020).
Highlights from these combined statistics total employer and nonemployer businesses):
- There were 9 million employer and nonemployer businesses, with $40.2 trillion in receipts.
- Minorities owned l million businesses, with $1.9 trillion in receipts.
- Women owned 4 million businesses, with $2.2 trillion in receipts.
- Hispanics owned 8 million businesses, with $636.2 billion in receipts. Veterans owned 1.6 million businesses, with $983.7 billion in receipts
Learn more at census.gov
