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Populations Trends. There are an estimated 38.7 million U.S. residents who were either black or black and at least one other race, making up 13.3 % of the total U.S. population. The African American population is expected to grow by 30.6% by 2008, compared to a 24.8% increase for total U.S. population.
Business Owners. There are 1 million African American owned businesses in the United States, which account for over $100 billion in annual sales. Traditionally, the most common form of African American-owned business has been in the service sector, (e.g., barber or beauty shops, transportation, etc.). Now the fastest growing sectors are business services, legal services, insurance and real estate.
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