"We exist to further foster and breed the spirit of liberation to ALL through acts and beliefs embedded in diversity and inclusion." -MDMDA
The Maryland Medical Dispensary Association simply does not exist without the diversification found in every business making up the association. It is not merely numbers we look at. Our partners run after the direct parallels drawn from igniting a movement creating a more diverse future for all.
Over the last 10 years, minority-owned business enterprises accounted for more than 50 percent of the two million new businesses started in the United States and created 4.7 million jobs. There are now more than four million minority-owned companies in the United States, with annual sales totaling close to $700 billion.
Veteran-owned businesses made up about 5.9% (337,934) of all businesses, with an estimated $947.7 billion in receipts, approximately 3.9 million employees, and about $177.7 billion in annual payroll.
The number of Hispanic-owned businesses had a growth of about 3.0% from 2017. In 2018, Hispanic-owned businesses made up about 5.8% (331,625) of all businesses, with an estimated $455.6 billion in annual receipts, approximately 3.0 million employees, and about $101.1 billion in annual payroll.
There were an estimated 577,835 Asian-owned businesses with about 24.5% (141,746) in the Accommodation and Food Services sector. Asian-owned businesses had the largest estimated receipts ($863.3 billion) among minority groups.
Blacks or African Americans owned approximately 124,551 businesses, with about 28.5% (35,547) of these businesses in the Health Care and Social Assistance sector, the highest percentage of any minority group.
There were an estimated 24,433 American Indian and Alaska Native-owned businesses with approximately $33.7 billion in receipts, an estimated 200,256 employees, and about $8.2 billion in annual payroll.
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