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Antitrust Laws State and federal laws designed to maintain and preserve business competition. The Sherman Antitrust Act (1890) is the principal federal statute covering competition, which is defined by most courts as "that economic condition in which prices are determined by market forces without interference from private concerns and there is reasonable freedom of entry into most businesses."
Apartment Building A building having separate units for permanent tenants who rent or lease them. The owner of the building provides common facilities, such as lights, heat, elevator and garbage disposal services, and maintains common entrances and hallways.
Application The form used to apply for a mortgage loan, containing information about a borrower's income, savings, assets, debts, and more.
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In 2007, 37.6 percent of black-owned firms operated in the health care and social assistance (NAICS 62) and repair, maintenance, personal, and laundry services (NAICS 81) sectors. Black-owned firms accounted for 15.4 percent of all U.S. businesses in the health care and social assistance (NAICS 62) sector as well as 13.4 percent of all firms in the transportation and warehousing (NAICS 48-49) sector.
Census Bureau
New York had the largest number of black-owned firms at 204,032 (10.6 percent of all black-owned firms), with receipts of $12.8 billion (9.3 percent of all black-owned firm receipts). Georgia and Florida were next with 183,874 (9.6 percent) and 181,437 (9.4 percent) black-owned firms respectively, with receipts of $8.9 billion (6.5 percent) and 10.6 billion (7.7 percent) respectively.
Census Bureau
Among U.S. counties, Cook County, Illinois, had the largest number of black-owned firms in 2007 at 83,733. Los Angeles County, California had the second largest number of black-owned firms, with 59,680. Kings County, New York, was third, with 52,705 black-owned firms.
Census Bureau
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