17 Georgia companies among top-grossing black businesses
Seventeen Georgia companies rank among the nation’s top-grossing black-owned businesses, according to Black Enterprise magazine’s annual report.
A total of 230 companies nationwide made the list, broken into seven categories.
Georgia’s representatives, in order:
No. 16: H.J. Russell Co., Atlanta, $270 million in revenue.
No. 19: The Gourmet Cos., Atlanta, $205 million.
No. 46: C.D. Moody Construction Co., Lithonia, $76 million.
No. 59: Carter Brothers, Atlanta, $55 million.
No. 63: Jackmont Hospitality, Atlanta, $50 million.
No. 67: B & S Electric Supply Co., Atlanta, $42 million.
No. 90: TME Enterprises 1, Smyrna, $25 million.
Auto dealers are listed separately, and five Georgia businesses in this category also made the list:
No. 5: Wade Ford, Smyrna, $264 million.
No. 11: The Baran Co., Atlanta, $121 million.
No. 16: Legacy Automotive Group, McDonough, $92 million.
No. 28: Malcolm Cunningham Ford Lincoln, Atlanta, $58 million.
No. 34: Jackson Acura, Roswell, $48 million.
One advertising agency made the list: IMAGES USA, of Atlanta, which ranked No. 3 with $25 million in revenue.
Two companies made the financial services category.
Citizens Bancshares of Atlanta with $397 million in revenue came in at No. 6, while Capital City Bank & Trust of Atlanta ranked No. 10 with $300 million in revenue.
Two businesses classified as asset managers also made the list.
EARNEST Partners of Atlanta ranked No. 2 with $19 million in revenue, while Herndon Capital Management ranked No. 5 with $5 million in revenue.
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6 comments Add your comment
LMAO
June 28th, 2012
10:44 am
Simple question. How many are sponsoring activities i.e., reading programs, sports programs, anti-drug initatives etc? I’d venture to say less than 10%. The communities where they live and profit from need their help.
Goberment
June 28th, 2012
3:45 pm
This whole idea of a “black business” is idiotic and promotes racisim. They will not get any of my business.
Goberment
June 28th, 2012
3:48 pm
Typo: racisim=racism
4xtra
June 28th, 2012
5:46 pm
LMAO..
More than you think
The news papers only run stories on black people when “pookie” robs a liquor store
Not when HJ Russel Donates millions to kids for college.
I guess they think donating money to black kids to go to college is not “exciting” enough
compared to the crime on the streets of Atlanta..
Kendall
June 28th, 2012
6:47 pm
Of course NONE ( of the wives) would ever consider being on Atlanta House Wives, to regal and classy.
History lesson
June 29th, 2012
8:21 am
H.J. Russell Co has a strong civic legacy from the civil rights era. Russell used their money to help pay the bail of many people arrested for civil disobedience. I am proud and inspired by the success of all of these businesses.