Largest Minority-Owned Businesses in Mass.
Ranked by Total 2023 revenue
Locally Researched by: Sean McFadden Jun 20, 2024, 6:00am EDT Revised: Nov 22, 2024, 12:50pm EST
Note: This is an expanded version of the list that goes beyond the top 25 that appears in the print edition. The list includes Massachusetts-based businesses where a minority (defined as a person(s) of color) owns at least 51% of the business.
Previous year’s rank
| Business/Prior rank (*unranked in 2024)/ URL | Address Phone | Total 2023 revenue | Mass. employees | Total employees | Owner’s minority status | Type of business | Primary minority owner(s) | Minority owner’s(s’) % of ownership | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TalentBurst Inc.1 talentburst.com | 679 Worcester Road, Natick, MA 01760 508-628-7500 | $174,000,000 | 73 | 229 | East Asian Indian | Life sciences, healthcare, IT/engineering solutions | Bharat Singh Talwar, CEO; Baljit Gill, COO; Deep Deshpande, CFO | 100% |
| 2 | Charter Contracting Co. LLC2 charter.us | 500 Harrison Ave., Boston, MA 02118 857-246-6800 | $73,408,000 | 102 | 102 | Latino | Provider of solutions to complex environmental remediation, civil construction, and brownfield redevelopment challenges | Robert Delhome, CEO | 100% |
| 3 | Aqueduct Technologies Inc.3 aqueducttech.com | 150 Royall St., Canton, MA 02021 617-221-3570 | $63,890,760 | 100 | 107 | East Asian Indian | Technology solutions provider that architects, designs, deploys, supports, and secures IT infrastructure and cloud solutions | Manak Ahluwalia, President, CEO | 100% |
| 4 | Cruz Companies5 cruzcompanies.com | 280 Warren St., Boston, MA 02119 617-445-6901 | $48,065,890 | 76 | 76 | Black | Construction, development, property management | John B. Cruz, President, CEO; Justin B. Cruz, COO | 100% |
| 5 | OneUnited Bank11 oneunited.com | 100 Franklin St., Boston, MA 02110 617-457-4415 | $41,484,000 | 15 | 136 | Black | Nation’s largest Black-owned bank by number of customers, the first Black internet bank and a community development financial institution | Kevin Cohee, Chairman, CEO; Teri Williams, President, COO | 71.3% |
