Welcome to AACConomics.com
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The Economic and Fiscal Impact of Black-Owned Businesses in Southwest Ohio and Northern Kentucky
Executive Summary
The Greater Cincinnati and Northern Kentucky African American Chamber of Commerce (AACC) seeks to “establish, cultivate, and strengthen consumer and business relationships; provide access to major corporate and government markets for our members to help increase business opportunities.
Business ownership provides an opportunity to build wealth for Black or African American individuals. Such an
opportunity is particularly significant for Black or African American families, whose median net worth of $24,100 was 7.8 times lower than the median net worth of White families in 2019.
During 2023, Black-owned businesses in the eight-county region:
$2.8 billion
Created a total of $2.8 billion in sales that were responsible for supporting 16,472 jobs with $635.1 million in earnings in the eight-county region.
$1.5 billion
Generated $1.5 billion of direct sales and employed 9,024 individuals with earnings of $341.2 million
$1.4 billion
Supported an additional $1.4 billion of indirect sales, which indirectly supported an additional 7,448 jobs with earnings of $293.8 million.
$34.3 million
Generated $34.3 million in earnings and sales tax revenue for state and local jurisdictions.
The Greater Cincinnati and Northern Kentucky African American Chamber of Commerce is the largest African American Chamber in the State of Ohio. We are as committed to inclusion as we are to business development; and as focused on advocacy as we are on building capacity. We leverage regional partnerships and collaborate with organizations and supplier diversity and inclusion experts to empower businesses to succeed. The African American Chamber is your business advocate providing business education series, marketing programs and networking events to grow your business.
