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
Native American Bank - Native people investing in Native communities
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:
Parents of Lakota 57 respond to not guilty verdict in Rapid City (9/2)
Lakota Country Times: New food bank on Pine Ridge Reservation (9/2)
Mark Trahant: FCC invents new law for tribal lands in Oklahoma (9/2)
Native Sun News Editorial: Republican attacks on Hillary Clinton (9/2)
Vi Waln: Rosebud Sioux Tribe needs to establish 'virtual' school (9/2)
Steven Newcomb: The religious basis of Doctrine of Discovery (9/2)
Carly McIntosh: Feeling love from elders at naming ceremony (9/2)
Winnebago Tribe reports results of primary election for council (9/2)
Alaska Native students being left behind in their own backyard (9/2)
Lakota Country Times: Not guilty verdict after Lakota 57 trial (9/1)
President Obama meets Native leaders after landing in Alaska (9/1)
Rhonda Pitka: Alaska Natives put priority on subsistence rights (9/1)
Transcript: Obama remarks following Native leaders roundtable (9/1)
94-year-old Alaska Native elder greets Obama with Denali song (9/1)
Politicians in Ohio oppose return of Alaska Native name for peak (9/1)
Passamaquoddy Tribe takes a step toward marijuana cultivation (9/1)
Center for Native American Youth seeks new executive director (9/1)
Supreme Court takes up petition in Kialegee Tribal Town dispute (9/1)
NCAI pushes for court rehearing in tribal labor sovereignty case (9/1)
Education Department awards $50.4M in grants to tribal colleges (9/1)
Native Sun News: Teens attacked on Rosebud Sioux Reservation (9/1)
Clara Caufield: Cheyenne brothers and sisters share language (9/1)
Terese Marie Mailhot: Shutting down a new generation of hate (9/1)
Jennifer Fielder: Tribes struggling to break free from bondage (9/1)
Brian Pierson: Big decision in Seminole Tribe's taxation case (9/1)
Navajo Nation hires firm to pursue Gold King Mine spill lawsuit (9/1)
Young tribal members cited for wild rice harvest in Minnesota (9/1)
Lake named for war secretary who pushed for removal of tribes (9/1)
Tribal college students participate in NASA challenge in Virginia (9/1)
La Jolla Band welcomes visitors to longest zip line in California (9/1)
Chukchansi Tribe still aiming for reopening of casino this month (9/1)
Cherokee Nation contributed $11M to upgrade road near casino (9/1)
President Obama restores Alaska Native name of highest peak (8/31)
BIA announces $1.75M in grants fot tribal education programs (8/31)
Multiple Capitol Hill hearings set into disaster at Gold King Mine (8/31)
Native Sun News: Oglala Sioux counselor combats youth suicide (8/31)
Native Sun News: Lakota 57 parents seek counseling for incident (8/31)
Ernestine Chasing Hawk: I remember I am alive and a survivor (8/31)
Mary Annette Pember: Native women betrayed in violence fight (8/31)
Dina Gilio-Whitaker: Blood quantum used to judge Indian people (8/31)
Sally Jewell: Native youth serve as Ambassadors for the Arctic (8/31)
Turtle Talk Poll: The enduring legacy of Supreme Court decision (8/31)
First Native woman Ashley Callingbull wins Mrs. Universe title (8/31)
Native boy lands role as son of Leonardo DiCaprio in new film (8/31)
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.