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Women- and Minority-Owned Firms

Source: U.S. Bureau of the Census, 1992 Women-Owned Businesses and the 1992 Survey of Minority-Owned Business Enterprises. Updated every 5 years; 1997 data will be published in Fall 2000. http://www.census.gov/csd/mwb/

Definitions:

The 1992 Women-Owned Businesses and the 1992 Survey of Minority-Owned Business Enterprises (SMOBE) provide basic economic data on businesses owned by women, Blacks, persons of Hispanic or Latin American ancestry, and persons of Asian, Pacific Islander, American Indian, or Alaska Native descent. The survey is based on the entire firm rather than on establishments of a firm. The published data cover number of firms, gross receipts, number of paid employees, and annual payroll.

A firm may operate one place of business or more, such as a chain of restaurants, or have no fixed business location, such as the firm represented by a self-employed carpenter or salesperson. A firm contrasts with an establishment, which is a single physical location at which business is conducted. Other data from the Economic Census are reported on an establishment basis rather than a firm basis.

A firm is classified as women-owned using the gender codes obtained from the SSA for individual proprietors or from information reported for the majority of owners of partnerships and corporations.

The race categories used in this survey are the same as those defined by the Office of Management and Budget (OMB) in their circular No. A-46, dated May 12, 1977.

Scope and Methodology:

Data for minority-owned firms were obtained from a sample of firms identified as possibly minority-owned based on race and ethnic codes from social security records and by matching surnames of owners to lists of minority surnames from the most recent population census of the United States.

Data for 1992 include sole proprietorships, partnerships, and Subchapter S corporations, but not regular (C) corporations. Thus, these statistics account for most firms, but, since most large corporations are excluded, they account for only about a quarter of the receipts and employment of all firms. (1997 data will cover all firms.)


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