Nine Washington-area firms have been listed among the nation's largest black-owned businesses in 1978, according to a survey by Black Enterprise magazine.
But nearly all of the region's black-owned enterprises, except McLaughlin Oldsmobile, a newcomer to the list, dropped in their rankings last year. Two-year-old McLaughlin Oldsmobile, in Capital Heights, was not included in the list last year. McLaughlin ranked 37th among black businesses last year.
Overall, revenues for the 100 largest non-financial firms was $1.053 billion, a 17 percent increase from the $896 million the previous year. The companies employed 13,945 people, most of whom are black, according to Black Enterprise. The cutoff point for the 100th company this year was $4.2 million in revenues, a 15 percent increase from the $3.6 million mark for last year's cutoff.
For the seventh straight year, Motown Industires of Los Angeles headed the list with $58 million in sales, $3 million less than the previous year, and 300 employes.
Area firms on the non-financial list were headed by Seidel Chevrolet with sales of $11.9 million. Founded in 1974, the auto dealership is based in suburban Landover and employs 58 persons. The chief executive of the company is John Seidel. Seidel's ranking dropped from 16 to 22.
Other area companies cited by the magazine are:
Capitol City Liquor Co., Inc., ranked 37, down from 21, with revenues of $9 million, down from $10 million, and 59 employes.
McLaughlin Oldsmobile, ranked 37 with $9 million in sales and 42 employes.
Jones & Artis Construction Co., of Washington ranked 43, down from 34 last year, with revenues of $8.1 million, up from $7.6 million, and 250 employes.
Syphax Enterprises, and Arlington construction firm, ranked 100, down from 74 last year, with revenues of $4.2 million, down from $4.7 million, and 60 employes.
Industrial Bank of Washington, ranked third, up from fourth last year, with assets of $61.8 million and 78 employes.
United Nation Bank of Washington, ranked fourth, up from ninth, with assets of $59.2 million and 70 employes.
Independence Federal Savings and Loan Association, ranked fifth, the same as last year, with assets of $50 million and 30 employes.
Community Federal Savings & Loan Association of Washington, ranked 12, the same as last year, with assets of $21.6 million and 15 employes.