In 2008, NMSDC [National Minority Supplier Development Council]-certified business owners supplied $100 billion in goods and services to over 3500 corporate members.

Minorities, now roughly one-third of the U.S population, are expected to become the majority in 2042, with the nation projected to be 54 percent Asian, Black, Hispanic and Native American in 2050.

In 2008, the combine buying power of Asians, Blacks and Native Americans was projected to be $1.5 trillion—a 227% increase over its 1990 level of $454 billion.

In 2007, the buying power of Blacks and Hispanics was $913 billion and $951 billion, respectively—larger than the entire economies of all but 13 countries in the world.

Between 1997 and 2002, the number of African American female- and African American male-owned firms increased by 75% and 29% respectively, outpacing the national rate of 10% for all classifiable firms.

The number of Hispanic-owned firms grew 31% between 1997-2002, which is more than three times faster than the 10% increase in the number of all U.S firms.

Small businesses have created about two of every three net new jobs in the U.S. since the early 1970s.

320 people out of 100,000 started a new business in 2008.

There are approximately 15.4 million people who are self-employed.

Hispanic spending power [est.]
o $200 billion in 1990
o $860 billion in 2007
o $1.2 trillion in 2011

African American spending power [est.]
o $602 billion in 2001
o $921 billion in 2008
o $1 trillion in 2012

The growth of minority owned firms outpaced the national rate, as they increased by 30% compared to 10% for all classified firms.

Gross receipts for minority firms grew by 12%, which surpassed the growth rate for all classifiable firms.