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• In 2018, there were over 403 thousand businesses in Alabama, of which more than 96 thousand were minority-owned firms.

• Minority-owned firms in Alabama employed over 96 thousand people in 2018.

• Minority-owned firms represented 24.4% of all firms located in the state.

• The number of minorityowned firms in Alabama increased 3.9% between 2017 and 2018.