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Article: A decade of growth: B.E. 100s companies weather the test of time. (Facts & Figures).(Brief Article)(Statistical Data Included)
- Article from:
- Black Enterprise
- Article date:
- June 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In celebration of the 30th year of the BE 100s, the largest black-owned businesses in the U.S., BLACK ENTERPRISE took a look at growth within the BE INDUSTRIAL/SERVICE 100 and the DE AUTO DEALER 100 over the past decade, paying attention to three years: post-recession 1992, tech-frenetic 1997, and turbulent 2001.
In 1992 the Gulf War had ended, and the recession of the prior year was a memory. Sales at BE INDUSTRIAL/SERVICE 100 companies grew 13.9% from 1991, while sales at BE AUTO DEALER 100 companies grew 14.5%. As is typical after recession years, many businesses were slow to ramp up staffing. Total employees at the industrial/service companies declined 2.8%, ...