The black-owned companies, nearly all of which are privately held, do not report net income.

The 114-house project is being built without government financing by a small black-owned company.

The group is made up of the Black Enterprise 100, the largest black-owned companies in the country.

The report found that of 38,631 black-owned companies with paid employees, only 2.5 percent had no minority workers.

More often, however, the educational reach of black-owned companies has been limited.

But the recession took its toll on the work force of the black-owned companies, which cut their staffs by 4.5 percent last year.

The nation's 100 largest black-owned companies posted a 10.4 percent increase in sales last year, a survey shows.

It is one of the largest black-owned public companies.

The magazine also reported that employment for the top 100 black-owned companies increased 3.9 percent between 1990 and 1991.

In 1962, the company was noted as the nation's largest black-owned company.