Crain’s released its latest list of the largest minority-owned businesses in the New York area this week, and New Jersey-based packaging company Sigma Plastics Group claimed the top spot once again. The largest firm in the city proper was Midtown-based staffing agency Pride Global.
The list is based on 2024 revenue as self-reported by the companies. To qualify, businesses must be headquartered in the New York metropolitan area and at least 50% owned by individuals from racial minority groups. The rankings encompassed companies from across the five boroughs as well as Nassau, Suffolk, Westchester, Bergen, Essex, Hudson and Union counties.
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There were four newcomers to this year’s list: Harlem-based Carver Federal Savings Bank, Bronx-based Cooperative Home Care Associates, Manhattan-based Bandujo Advertising and Design, and Queens-based Crystal Window & Door Systems Ltd. The latter, long one of the region’s largest minority-owned companies, returned to the list after opting out in recent years.
Four names from last year’s list did not crack the top 25 this time: Business Relocation Services, Inc., New York Business Systems, Proftech Corp. and US Aerials & Equipment LLC. They had all been near the bottom of the most recent rankings with revenue under $15 million.
The area’s 25 largest minority-owned businesses posted a combined $6.19 billion in revenue last year, marking a roughly 7% increase from the previous year. Sigma Plastics accounted for more than a third of that dollar figure.
The majority of the companies on the list are Asian- or Hispanic/Latino-owned, and just four are Black-owned.
All-Access subscribers can view the full list of New York’s largest minority-owned businesses. It includes each firm’s headcount of New York employees, firm-specific revenues, ownership breakdowns and downloadable contact information for key decision-makers at the firms. Not yet an All-Access subscriber? Become one today for full access to exclusive news and data.
