Revenues For American Indian And Alaska Native-Owned Businesses Near $27 Billion
There were 201,387 American Indian- and Alaska native-owned businesses in 2002 — with receipts of $26.9 billion — according to a new report, Survey of Business Owners: American Indian- and Alaska Native-Owned Firms: 2002 released by the U.S. Census Bureau.
The Los Angeles-Long Beach-Riverside, Calif., combined statistical area had the highest number of American Indian- and Alaska native-owned firms (20,380) and receipts (nearly $1.6 billion). Among counties, Los Angeles had the highest number of firms (13,061).
The information in the tabulations today excludes businesses owned by an American Indian tribal entity, which are considered to be government-owned entities and are therefore excluded from the estimates. Since this distinction was not made in the 1997 survey, prior data are not directly comparable.
Other highlights:
* States accounting for the highest number of American Indian- and Alaska native-owned firms included California, Oklahoma, Texas, New York and Florida.
* Nearly 3-in-10 American Indian- and Alaska native-owned firms operated in construction and other services (such as personal services, and repair and maintenance).
* Almost 1-in-8 American Indian- and Alaska native-owned firms had paid employees. These 24,498 businesses employed more than 191,270 people and generated revenues of nearly $22 billion, or about $897,489 per firm.
* There were 3,631 American Indian- and Alaska native-owned firms with receipts of $1 million or more. These firms accounted for 1.8 percent of the total number of American Indian- and Alaska native-owned firms and more than 64 percent of their total receipts.
* There were 178 American Indian- and Alaska native-owned firms with 100 employees or more, generating nearly $5.3 billion in gross receipts (24 percent of the total revenue for American Indian- and Alaska native-owned employer firms).
* American Indian- and Alaska native-owned businesses with no paid employees numbered 176,889 with receipts of $4.9 billion. Average receipts of these businesses were $27,623 per firm.
