AMBEC
Funded by the: Minority Business Development Agency (MBDA), U.S. Dept. of Commerce
and locally operated by the
AZ Hispanic Chamber of Commerce
"The success or failure of minority-owned businesses will increasingly drive the success or failure of the overall U.S. economy."
-Dr. Matthew J. Slaughter, Tuck Amos School of Business at Dartmouth.
Minority Business Facts:
In 2002, minorities owned almost 4.1 million firms that generated $694.1 billion in revenues, and employed about 4.1million workers.
At a Glance:
Minority-owned firms accounted for 6.8% of all U.S. firms in 1982;9.3% in 1987;12.5% in 1992, and grew to 14.6% in 1997.
MBEs in 2002:
|
Ownership |
Jobs |
Hispanics |
39.5% |
30.8% |
Asians |
30% |
48.8% |
African Americans |
27.1% |
15.9% |
American Indians |
6.5% |
6.6% |

