Black-owned businesses are a small share of overall business, but are most likely to be in industries impacted by COVID-19 shutdowns: Shares of firm ownership by industry
| Industry distribution of employer firms | Black-owned | White-owned |
|---|---|---|
| All firms | 9.4% | 78.0% |
| Other services (except public admin.) | 25.1% | 11.1% |
| Health care and social assistance | 19.1% | 7.7% |
| Retail trade | 6.2% | 9.4% |
| Arts, entertainment, and recreation | 4.8% | 5.1% |
| Accommodation and food services | 2.3% | 2.6% |
| Admin./support/waste mgmt./ remediation srvcs. | 11.4% | 8.0% |
| Professional, scientific, and technical services | 8.0% | 15.4% |
| Transportation and warehousing | 7.1% | 3.9% |
| Construction | 5.3% | 11.8% |
| Real estate | 3.0% | 10.7% |
| Educational services | 2.6% | 2.4% |
| Finance | 1.7% | 3.8% |
| Information | 1.1% | 1.5% |
| Manufacturing | 0.9% | 2.3% |
| Wholesale trade | 0.9% | 2.7% |
Notes: †Indicates the three industries that saw the largest declines in payroll employment in April 2020. *Indicates the three industries that saw the largest percent change declines in payroll employment in April 2020. Totals may not sum to 100%. Industries making up less than 1% of total share (agriculture, mining, utilities, management of companies and enterprises) are omitted.
Source: Authors’ analysis of U.S. Census Bureau, Survey of Business Owners (2012).