Md. Tops In Black Business

December 05, 1990|By Michelle Singletary | Michelle Singletary,Evening Sun Staff

Maryland ranks first in the nation in the proportion of black-owned businesses compared with all businesses in the state, according to a report released today by the state's Department of Economic and Employment Development.

The proportion of black-owned firms was 8.9 percent of the state's total number of businesses, significantly above the national average of 3.1 percent in 1987, the most recent year for which figures are available.

Maryland also leads the nation in the number of black-owned businesses per 1,000 people, said the report, which is based on data collected by the U.S. Census Bureau.

The report was prepared by DEED's Office of Research and released at a seminar for small and minority-owned businesses.

Black-owned businesses in Maryland gained during the 1980s, outpacing the growth of all businesses nationally, DEED said.

Maryland in 1987 had 21,678 black-owned businesses, placing it fifth among the states in the total number of black-owned firms. From 1982 to 1987, the number of black-owned businesses in Maryland increased 57 percent compared with a national growth rate of 38 percent for black-owned businesses.

The number of black-owned enterprises in the state grew at a faster rate during the period than businesses in general, which increased 39 percent in Maryland and 28 percent nationally.

"To be a leader . . . in the growth of black firms clearly indicates that Maryland considers all businesses in the state to be important components of our economy," said J. Randall Evans, secretary of DEED.

Baltimore had 5,044 black-owned firms in 1987, placing it ninth among all U.S. cities.

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