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
Fredericks Peebles & Morgan LLP
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 Sun News: Northern Cheyenne student receives top honor (5/22)
Lakota Country Times: Newspaper takes home a slew of awards (5/22)
James Davies: The new tactic is to pretend racism doesn't exist (5/22)
Thomas O'Rourke: Yurok Tribe is a leader in forest restoration (5/22)
Terese Marie Mailhot: Message to all young Native Americans (5/22)
Matt Remle: Tribal nations take a stand to protect Turtle Island (5/22)
DOJ proposes bill to improve access to voting in Indian Country (5/22)
Sisseton Wahpeton Oyate ready to exercise VAWA jurisdiction (5/22)
Grande Ronde Tribes await decision on flying flag at high school (5/22)
Cherokee Nation sues pharmaceutical firms over drug products (5/22)
Snoqualmie Tribe reports result of election for five council seats (5/22)
Law Article: Navajo Nation wages battle over 'Navajo' products (5/22)
Review: A son leads his father into the wild with 'Medicine Walk' (5/22)
Saginaw Chippewa Tribe to distribute $2.7M in gaming revenues (5/22)
Prairie Island Indian Community eyes $19M expansion at casino (5/22)
Creek Nation seeks Native workers for $329M casino expansion (5/22)
Eastern Shawnee Tribe to debut rodeo event at reopened casino (5/22)
Opinion: Poarch Creeks need state to protect gaming enterprise (5/22)
Native Sun News: North Dakota tribe hit with another brine spill (5/21)
Lakota Country Times: NAIHC presents honor for lifetime service (5/21)
Ivan Star: I'm finding it hard to stand for 'Star Spangled Banner' (5/21)
Senate Indian Affairs Committee holds field hearing in Oklahoma (5/21)
Haskell University announces cuts to troubled athletics program (5/21)
Crystal Echo Hawk: Indian Country still invisible to philanthropy (5/21)
Judge won't require school to allow eagle feather at graduation (5/21)
School apologizes for teaching song about brutal Indian mission (5/21)
Coquille Tribe hosts National Indian Timber Symposium in June (5/21)
Pokagon Band to file land-into-trust application at housing site (5/21)
St. Regis Mohawk Tribe to hold election for chief and sub-chief (5/21)
Keweenaw Bay Indian Community to honor Civil War veterans (5/21)
Yakama Nation woman sentenced to 10 years for child abuse (5/21)
Heroin blamed for crash near Saginaw Chippewa Tribe school (5/21)
Navajo Nation business opens tech data center in New Mexico (5/21)
Opinion: Indian Country left out of nation's economic recovery (5/21)
Review: 'Hoop Jumper' offers look at allotment era in Oklahoma (5/21)
Opinion: Putting a woman on $20 bill might not be an easy task (5/21)
Opinion: Today's Indian wars are being fought over new casinos (5/21)
Oneida Nation close to opening of new gaming facility on June 2 (5/21)
Tribes hail movement on bill for one more casino in Connecticut (5/21)
Mashpee Wampanoag Tribe hoping for casino decision this year (5/21)
Forest County Potawatomi Tribe buys properties next to casino (5/21)
Native Sun News: Cheyenne River elder cast in forthcoming film (5/20)
Lakota Country Times: Oglala Sioux fighter set for new matches (5/20)
Audio from Senate Indian Affairs Committee hearing on water (5/20)
NCAIED set to return to DC with Reservation Economic Summit (5/20)
Mary Pember: New allies in battle against Indian youth suicide (5/20)
Harlan McKosato: It's time to change school policy on feathers (5/20)
Bryan Newland: Important context on land-into-trust process (5/20)
Jay Daniels: Indian Country forced to choose among two evils (5/20)
Anthony Trujillo: A cultural ambassador with the Peace Corps (5/20)
Mark Rogers: Some truths of the ethnic experience in America (5/20)
Indian schools go without fixes while military schools see $5B (5/20)
Indian student in federal court over right to wear eagle feather (5/20)
Pascua Yaqui Tribe hosts Violence Against Women Act training (5/20)
Tribal traditions put to use for battle against substance abuse (5/20)
Apology sought for treatment of tribes at grizzly bear meeting (5/20)
SCOTUSBlog: DOJ urges denial of petition in tribal court dispute (5/20)
County board calls on NFL team to eliminate its racist mascot (5/20)
Native Sun News: Northern Cheyenne Tribe names casino hire (5/20)
Judge again refuses to stop Jamul Band from building casino (5/20)
Connecticut lawmakers weigh bill for one more tribal casino (5/20)
Judge dismisses gaming case filed by Cayuga Nation faction (5/20)
Native casino in Saskatchewan on track with expansion plan (5/20)
Native Sun News: Program helps offenders rebuild their lives (5/19)
Lakota Country Times: Oglala Sioux Tribe seeks water funding (5/19)
Native Sun News: Comments sought on North Dakota pipeline (5/19)
Mark Trahant: Indian Country finds success in diabetes battle (5/19)
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.