Minority Businesses Show Strong Sales

Sales for the nation’s top black-owned businesses rose 11.8 percent last year, outperforming both the Fortune 500 and Forbes 500 lists, Black Enterprise magazine reports in its annual ranking.

Businesses listed in the magazine’s June edition, which hits newsstands May 21, showed continued growth for the fourth straight year, amid declining unemployment and a continuing expansion of the national economy.

Growth for the companies on the list surpassed the 9.9 percent revenue jump reported for the same period by companies on Fortune magazine’s list and the 10 percent growth tallied by Forbes magazine.