American Indians and Alaska Natives make about about 2% of the US population--how does this translate to the number of US businesses?

Answer: About 26,064 business with 215,040 employees

Questions:

• What are some potential difficulties that come to mind related to starting, operating, and growing a small business?
• What supports does your community offer to people who run small businesses? If you can't think of any, what kind of supports do you think your community should have?
• What are some problems or areas of opportunity where you live that a new business could address?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (US Census Bureau):

"The U.S. Census Bureau today released new estimates on the characteristics of employer businesses. According to the 2020 Annual Business Survey (ABS), which covers reference year 2019, approximately 18.7% (1.1 million) of U.S. employer businesses were minority-owned, veteran-owned businesses made up about 5.7% (331,151) of all businesses.  About 20.9% (1.2 million) of businesses were owned by women.

There were an estimated 26,064 American Indian and Alaska Native-owned businesses with $35.8 billion in receipts, 215,049 employees and about $8.7 billion in annual payroll."

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For more information on Native American-owned businesses, check out Native News Online's Tribal Business News Roundup!

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Are you curious about what it takes to start a business? Check out NGPF's Entrepreneurship mini-unit!

About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.