• Mon. Sep 20th, 2021

$1.4 billion generated by black businesses according to AACC

Provided

The African American Chamber of Commerce, in partnership with UC Economics Center, did a study which shows that Greater Cincinnati Black businesses had a $1.4 billion economic impact. This is the first study in the nation by a chamber of Commerce to quantify the economic impact of Black businesses.

These businesses directly employ 8,680 people with $540 millions in earnings throughout the Cincinnati Metropolitan Statistical Area (MSA).

Earnings by these Black-owned businesses have generated approximately $6.2 million in sales tax to the states of Indiana, Kentucky, and Ohio. Plus an additional $1.2 million to the five Ohio counties (Brown, Butler, Clermont, Hamilton, and Warren), which are included in the Cincinnati MSA.

Findings are from top industries including professional, scientific and technical services, construction, health care, and retail and wholesale trade.