Cities with the Most Black-owned Businesses

*Last month, in February, we celebrated Black History Month, and to honor the occasion, researchers at TruckInfo.net analyzed data from the U.S. Census Bureau to better understand the positive impact of Black entrepreneurs. Despite gains in recent years, Black entrepreneurs are still underrepresented Although Black and African Americans represent 13.7% of the population, only 3.2% of employer firms (those with at least one employee) are Black-owned. This discrepancy highlights both the challenges and the untapped potential within the community.

Black entrepreneurs see the most success in Southern metro areas Black-owned businesses in the South exceed national averages. For example, Atlanta-Sandy Springs-Roswell, Georgia, has nine times as many Black-owned businesses as would be expected based on population alone. The metro areas with the highest concentration of Black-owned employer firms include: 1.

Atlanta-Sandy Springs-Roswell, Georgia Businesses that are Black-owned: 10.7% Black population: 34% Black-owned businesses: 13,091 Black-owned businesses per 10k: 62

2. Fayetteville, NC Businesses that are Black-owned: 9.9% Black population: 36.8% Black-owned businesses: 472 Black-owned businesses per 10k: 33
3. Washington-Arlington-Alexandria, DC-VA-MD-WV Businesses that are Black-owned: 9.4% Black population: 24.9% Black-owned businesses: 10,627 Black-owned businesses per 10k: 68 4.

Memphis, TN-MS-AR Businesses that are Black-owned: 9.1% Black population: 46.8% Black-owned businesses: 1,477 Black-owned businesses per 10k: 24

5. Virginia Beach-Chesapeake-Norfolk, VA-NC Businesses that are Black-owned: 8.8% Black population: 29.7% Black-owned businesses: 2,357 Black-owned businesses per 10k: 44
6. Baltimore-Columbia-Towson, MD Businesses that are Black-owned: 8.0% Black population: 29.0% Black-owned businesses: 4,201 Black-owned businesses per 10k: 51 7.

Richmond, VA Businesses that are Black-owned: 8.0% Black population: 28.5% Black-owned businesses: 2,011 Black-owned businesses per 10k: 53

8. Columbus, GA-AL Businesses that are Black-owned: 7.8% Black population: 42.3% Black-owned businesses: 379 Black-owned businesses per 10k: 27
9. Tallahassee, FL Businesses that are Black-owned: 7.6% Black population: 31.9% Black-owned businesses: 563 Black-owned businesses per 10k: 45 10.

Durham-Chapel Hill, NC Businesses that are Black-owned: 7.5% Black population: 24.0% Black-owned businesses: 837 Black-owned businesses per 10k: 59 At the state level, Washington DC, Maryland, and Georgia have the highest concentration of Black-owned employer businesses — by a wide margin The District of Columbia, Maryland, and Georgia each have about 50% more Black-owned businesses compared to other states. While 9% of employer businesses in Georgia are Black-owned, only 5% of employer businesses in Mississippi are Black-owned, even though the state has the second-highest concentration of Black population. Transportation is the second most popular industry for Black entrepreneurs While only 3.2% of employer firms are Black-owned, 6.9% of transportation and warehousing firms are Black-owned — more than twice the national average.

Other popular industries include health care and social services, administrative support, and entertainment. Methodology All data was sourced from the U.S. Census Bureau for 2023, the most recent data available. Only businesses that employed at least one individual were included in the analysis.

This story was produced by TruckInfo.net and reviewed and distributed by Stacker. (If You Like/Appreciate This EURweb Story, Please SHARE it!) MORE NEWS ON EURWEB.

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