your internet resource on facebook on twitter on Google+ 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 -

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:
Republicans push controversial Indian energy bill through House (10/9)
Native Sun News: South Dakota community honors Code Talkers (10/9)
Lakota Country Times: Native Americans arrested at high rates (10/9)
Ivan Star Comes Out: Lakota immersion remains our only hope (10/9)
Steve Russell: Indian people stuck with the laws of colonizers (10/9)
Doug George-Kanentiio: Native people play key role in politics (10/9)
Julian Brave NoiseCat: Trading tribal sovereignty for marijuana (10/9)
Studio denies theft of tribal artifacts from ranch in New Mexico (10/9)
Students from Salish Kootenai College send satellite into space (10/9)
Pamunkey Tribe faces challenge to federal recognition decision (10/9)
Six indicted for stealing funds from Sisseton-Wahpeton Oyate (10/9)
Kris Lane: Columbus was clearly not a friend to Native peoples (10/9)
Excavation at Indian city uncovers numerous signs of conflict (10/9)
Thomas St. Dennis: Don't let rival tribe stop Little River casino (10/9)
Viejas Band opens new gaming floor and hotel with expansion (10/9)
White Earth Nation plans hotel and RV park at third casino site (10/9)
Eastern Shoshone Tribe to debut expansion of casino in 2016 (10/9)
Mashpee Wampanoag Tribe adds competition to casino scene (10/9)
White House blasts Native American Energy Act ahead of vote (10/8)
House Natural Resources Committee approves two Indian bills (10/8)
First Nations Development Institute awards $250K for ranching (10/8)
Four Native chefs participate in unique food event in New Mexico (10/8)
Native Sun News: Lone Indian voice opposes mountain lion hunt (10/8)
Lakota Country Times: Wind power comes to Rosebud community (10/8)
Delphine Red Shirt: Scandal shuts down program for Indian youth (10/8)
Vince Two Eagles: Native medicine goes back thousands of years (10/8)
Jay Daniels: Indian lands still face threat from state governments (10/8)
Steven Newcomb: Religious doctrine guides Indian law and policy (10/8)
Brian Pierson: Recent federal court decisions affecting Indian law (10/8)
Choctaw Nation and Chickasaw Nation celebrate trust settlement (10/8)
Actor joked about taking tribal artifacts from ranch in New Mexico (10/8)
Tuolumne Band of Me-Wuk Indians gives $100K for cancer center (10/8)
Radio station brings news and more to Yankton Sioux Reservation (10/8)
Indian gaming industry grew 116 percent between 2001 and 2013 (10/8)
Arizona tribes on road to recovery with $1.81B in casino revenues (10/8)
Pojoaque Pueblo secures injunction in New Mexico casino dispute (10/8)
Little River Band sees off-reservation casino as boost for revenue (10/8)
Pioneering tribes share experiences with prosecuting non-Indians (10/7)
Senate Committee on Indian Affairs approves two bills at meeting (10/7)
Congress approves land-into-trust bill for Pueblos in New Mexico (10/7)
House Natural Resources Committee holds markup on Indian bills (10/7)
Native Sun News: Rival teams meet on football field at Pine Ridge (10/7)
Lakota Country Times: Tribes receive $940M in Ramah settlement (10/7)
James Giago Davies: Embrace distance running in Indian Country (10/7)
Brandon Ecoffey: Powerful forces aim to keep out the Native vote (10/7)
Thomas Perez: Youth on Wind River Reservation share high hopes (10/7)
Stephen Corry: Native people displaced for sake of 'conservation' (10/7)
States oppose tribal jurisdiction in upcoming Supreme Court case (10/7)
Cheyenne River Sioux Tribe challenges Indian education reforms (10/7)
Two indicted for death of Seminole Nation man who went missing (10/7)
Saginaw Chippewa Tribe donates bottled water for city residents (10/7)
Mohegan Tribe swears in four council members following election (10/7)
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.