indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+ indianz.com on soundcloud
phone: 202 630 8439
Kill The Tobacco Master Settlement Agreement
Advertise on Indianz.Com
Home > News > Headlines

printer friendly version
Native-owned businesses generate billions
Monday, August 1, 2005

Native businesses took in $26.4 billion in 2002, according to a new report from the U.S. Census Bureau.

American Indians and Alaska Natives own more than 206,000 businesses across the country, the U.S. Census Bureau said on Thursday. This was up from the 197,300 firms that were operating in 1997, according to the report.

Most of the Native businesses were located in California, Oklahoma, Texas, New York and Florida. New Mexico, Arizona, North Carolina, Washington and Michigan rounded out the top 10 with Alaska coming in at 11.

In terms of revenue, Native firms in California took in $4.4 billion in 2002, the most of any state. With $3.2 billion in revenue, Texas came in second while Oklahoma ranked third with $2.5 billion generated by Native businesses.

By percentage, Native-owned businesses in Alaska accounted for about 8 percent of all firms in the state. In both Oklahoma and New Mexico, they accounted for about 5 percent of the firms.

For the report, "Preliminary Estimates of Business Ownership by Gender, Hispanic or Latino Origin, and Race: 2002," the Census Bureau did not include businesses owned by tribes or Alaska Native corporations. This dropped Alaska, with its wealth of billion-dollar Native corporations, from the top 10 rankings.

It also resulted in lower figures overall for Indian- and Native-owned businesses. Based on the 1997 data, which included certain Alaska Native corporations, Indian businesses took in $34.3 billion.

Despite the change, officials said the report indicated a growth in Indian-owned businesses. More specific data on Native businesses will be released in the coming year.

"We also believe the number of businesses owned by American Indians and Alaska Natives is also growing," Census Bureau Director Louis Kincannon said as the figures were announced.

If tribal entities or Native corporation entities had been included, the figures would show significant growth. Indian casinos took in $19 billion last year alone, a 15.3 percent increase. Some of the top Alaska Native corporations report nearly $1 billion in revenues.

Other data indicates the increasing economic power in Indian Country. Native Americans will control $63 billion of the U.S. economic market by 2008, according to a 2003 report from the Selig Center for Economic Growth.

The preliminary Census Bureau report showed that Native entrepreneurs are involved in a wide variety of industries including construction, retail trade, professional services, health care, and other services. Receipts were highest in retail trade and construction, the report said.

Native men continue to own most of the businesses. In 2002, Native men owned 58 percent of all Native businesses while Native women owned 39 percent. The remaining 3 percent were equally male-female owned.

Despite the growth in economic opportunities, American Indians and Alaska Natives still trail the rest of the nation when it comes to economics. Nearly a third of Native people live in poverty, based on Census Bureau data. Native children are more likely to live in poverty than any other racial or ethnic group, a 2004 report stated.

Summary Statistics:
American Indian- and Alaska Native-Owned Businesses | Map

Census Bureau Report:
Preliminary Estimates of Business Ownership by Gender, Hispanic or Latino Origin, and Race: 2002, (July 2005)

Relevant Links:
National Indian Business Association - http://www.nibanetwork.org

Related Stories:
NIGC: Indian gaming continues to enjoy growth (07/14)
Indian women in Minnesota among state's poorest (02/09)
NCAI's Hall pushes pro-Indian agenda in speech (02/04)
Alaska Natives use data to guide future (01/14)
Study shows impact of gaming in Indian Country (1/10)
Data shows little change in economic status under Bush (08/27)
Report finds disparity in Native women's salaries (04/22)
Native children living in poor, single-parent homes (03/19)
Report notes 'crisis' facing urban Indian youth (12/04)
Recession affects poverty rates and income levels (09/29)
Study highlights Native economic power (8/19)
Recession hits poverty and income levels (09/25)
GAO: Welfare reforms miss Indian Country (07/15)
Census ordered to release adjusted count (11/15)
Census 'error' could cost states millions (10/18)
Census Bureau reports on Native-owned firms (5/23)
Census paints new picture of Indian Country (3/13)
Reservation counties among poorest (11/24)
Census: Native Americans among poorest (9/27)
Report: Native buying power increases (9/8)

Copyright 2000-2005 Indianz.Com
More headlines...
Stay Connected:
On Facebook

On Twitter

On Google+

On SoundCloud
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
Native American Council meets at Democratic National Convention (7/25)
Police officer cleared over fatal shooting of Navajo Nation woman (7/25)
Doug George-Kanentiio: Donald Trump and his campaign of hatred (7/25)
Native Sun News: Tribal advocate focuses on Great Plains efforts (7/25)
Lakota Country Times: Descendants of Pine Ridge legend gather (7/25)
Johnny Rustywire: Navajo mother works hard at motel for family (7/25)
Alex Jacobs: Nation finally admits problem with policing and race (7/25)
Dwaine Perry: Ramapough Lunaape Nation marching for justice (7/25)
Charges filed for assault on disabled member of Nisqually Tribe (7/25)
Man arrested for American Indian Movement flag settles lawsuit (7/25)
Interior Department consults tribes about new trust reform law (7/22)
Training sessions planned for final Indian Child Welfare Act rule (7/22)
Yurok Tribe shares sad news about salmon festival -- no salmon (7/22)
Mark Charles: An entire nation's big problem with Donald Trump (7/22)
Mark Trahant: Donald Trump promises a world with no treaties (7/22)
Native Sun News: Appeal delays release of Keepseagle checks (7/22)
Lakota Country Times: Oglala Sioux Tribe hosts walk for cancer (7/22)
James Giago Davies: Police officers get away with 'kill option' (7/22)
Andre Cramblit: Police officer shootings seem far too common (7/22)
Donald Trump closes convention that left out Indian Country (7/22)
New law in Oklahoma goes against Indian Arts and Crafts Act (7/22)
NMAI seeks input from tribes about veterans memorial in DC (7/22)
Blackfeet Nation swears in leaders and looks to a new future (7/22)
Coeur d'Alene Tribe kicks off popular powwow after absence (7/22)
Mashpee Wampanoag Tribe declares emergency over opioids (7/22)
Review: Hard look at drugs in Indian Country in 'Seventh Fire' (7/22)
State takes blame for sharing Tohono O'odham Nation minutes (7/22)
Pokagon Band debuts expansion of gaming facility in Michigan (7/22)
Karuk Tribe ready for groundbreaking on long-awaited casino (7/22)
California remains a battleground for Indian Child Welfare Act (7/21)
Yurok Tribe launches operation to rid reservation of marijuana (7/21)
Laguna Pueblo loses case linked to military contract kickbacks (7/21)
Cherokee player Koda Glover wins praise in major league debut (7/21)
Education Department hosts Native youth for roundtable in DC (7/21)
Navajo Nation lawmakers approve bill for travel plaza at casino (7/21)
Mark Trahant: Trump's Republican convention is one big failure (7/21)
Native Sun News: Five Rosebud tribal members killed in crash (7/21)
Lakota Country Times: Fire deals setback to Rosebud program (7/21)
Brandon Ecoffey: Carrying the voices of our people to masses (7/21)
Delphine Red Shirt: Our children need to be kept close to home (7/21)
Peter d'Errico: Celebrating the dark side of White 'civilization' (7/21)
Oglala Sioux Tribe confirms shooting death of 13-year-old girl (7/21)
Tribes in Connecticut sponsor cruise for Republican delegates (7/21)
Tribal lobbyist not buying Donald Trump's message of change (7/21)
Mechoopda Tribe aims to work with county on delayed casino (7/21)
Seminole Tribe helps with probe into robbery of casino patron (7/21)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.