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In 1997, there were 197,300 American Indian- and Alaska Native-owned businesses in the United States, employing 298,700 people and generating $34.3 billion in revenues. These businesses made up 0.9 percent of the 20.8 million nonfarm businesses in the nation and generated 0.2 percent of their receipts.
The number of American Indian- and Alaska Native-owned firms increased 84 percent from 1992 to 1997, compared with a 7 percent increase for all U.S. firms.1 Receipts of American Indian- and Alaska Native-owned firms rose 179 percent over the same period, considerably higher than the 40 percent increase for all U.S. firms.
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1 Excludes C corporations — legally incorporated businesses except for subchapter S corporations, whose shareholders elect to be taxed as individuals rather than as corporations — for which prior comparable data are not available.
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