T-1 displays 7 industries that yield at least100,000Blk Firms. They range from Healthcare & Soc Ast (almost300,000 firms) to the Arts, Enter & Rec industry with 124,500+Blk Firms. (It’s noteworthy that there are 3 industries that match or have a greater % of Blk Firms than the US’s African Ams pop% of 13%). Unfortunately in the TOP 7, #3 Prof, Science & Tech and #6 Construction ONLY have 3% and 4.7%, respectively of their industries with Blk Firms.
T-2 reveals that the receipts from Blk Firms are less than 1% of overall receipts for the various 20 listed industries. $10 B receipts from Blk Firms are produced by 8 specific industries led by Wholesale Trade, $28.4 B, Healthcare & Soc Ast $25.0 B and Manufacturing ($21.8 B). Unfortunately, 2 of the 3 Wholesale Trade & Manufacturing have less than ½% of their industry receipts from their Blk Firms. While Healthcare & Soc Ast Blk Firms yield a weak 3% of their receipts; it surely is more robust than the aforementioned receipts % from Wholesale Trade and Manufacturing.
As for receipts per Blk BizFirm, they share the same stage as Hispanics and Asians with the Mgt of Cos and Wholesale Trade industries producing the greatest receipts per firm with $3.01 M and $1.2 M, respectively. As for the % of the receipts vs the non-Blks in various industries, Blk Firms actually have a higher% of receipts per firm than non-Blk firms in 2 industries, Arts, Enter & Rec (162%) & Realty (110%). CONGRATS, CONGRATS!!
For over 24 years, University of Detroit Mercy Marketing Professor Michael Bernacchi, Ph.D., J.D, has produced "uNDER tHE mIKE-rOSCOPE", a newsletter discussing current "marketing and advertising¹s bends, trends & ends."
A well-know fixture in Detroit and national media, UDM's marketing guru has made several appearances on CNN's "Talk Back Live," the Voice of America worldwide radio network (VOA), ABC, CBS, NBC, MSNBC and on the pages of Sports Illustrated, Time, TV Guide, the New York Times, USA Today, the Wall Street Journal and the Washington Post, to name a few.
At University of Detroit Mercy, he has taught courses in Marketing Management, Consumer Behavior, Marketing Communications, Research and Corporate Social Responsibility and Sports and Entertainment Marketing.
Michael Bernacchi can be reached at 313-993-1116 or email@example.com.
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