At the top of the employment hierarchy, business ownership in manufacturing became more diverse, a sign that DEI initiatives may have had an impact.
According to the 2021 Annual Business Survey (ABS), women owned 36,453 of the 240,194 Manufacturing Sector employer firms in the United States.
In addition, 34,452 were co-owned by women and men with each owning equal shares of the company.
There were 23,911 minority-owned employer firms in 2020 and 3,402 were equally owned by minorities and nonminorities. The breakdown by race and ethnicity:
- 10,988 Hispanic-owned.
- 1,557 Black or African American-owned.
- 10,456 Asian-owned.
Manufacturers are increasing efforts to attract larger numbers of women and diverse workers to the industry. For example, NAM’s annual STEP Ahead Awards recognize women’s achievements in the fields of science, technology, engineering and production (STEP).