January 29, 2025
Whereas Black Individuals signify practically 14% of the nation’s inhabitants, solely 3.3% of companies in the US are Black-owned.
Whereas Black Individuals signify practically 14% of the nation’s inhabitants, solely 3.3% are thought-about Black-owned companies. In the case of the place a majority of those companies are, all roads level to the South, based on a report from Truck Information.
“Black-owned companies within the South exceed nationwide averages,” the report reads. “For instance, Hinesville, Georgia, has 5 instances as many Black-owned companies as can be anticipated based mostly on inhabitants alone.”
With conversations about eliminating range, fairness, and inclusion (DEI) initiatives dominating the information cycle, as many corporations determine to chop again amid the Trump administration’s precedence of cracking down on these sorts of initiatives, this new report reveals there’s nonetheless an extended option to go for illustration.
Here’s a listing of the highest 10 metro areas within the South with the very best focus of Black-owned companies, based on the Truck Information knowledge.
Hinesville, GA
- Proportion Black-owned: 18.2%
- Black Inhabitants: 37.5%
- Whole variety of Black-owned companies: 157
Atlanta-Sandy Springs-Roswell, GA
- Proportion Black-owned: 11.3%
- Black Inhabitants: 34.3%
- Whole variety of Black-owned companies: 13,766
Fayetteville, NC
- Proportion Black-owned: 10%
- Black Inhabitants: 32.6%
- Whole variety of Black-owned companies: 480
Virginia Seashore-Chesapeake-Norfolk, VA-NC
- Proportion Black-owned: 9.4%
- Black Inhabitants: 30%
- Whole variety of Black-owned companies: 2,632
Memphis, TN-MS-AR
- Proportion Black-owned: 9.3%
- Black Inhabitants: 47.5%
- Whole variety of Black-owned companies: 1,606
Washington-Arlington-Alexandria, DC-VA-MD-WV
- Proportion Black-owned: 9.2%
- Black Inhabitants: 25%
- Whole variety of Black-owned companies: 10,486
Jackson, MS
- Proportion Black-owned: 8.2%
- Black Inhabitants: 49.8%
- Whole variety of Black-owned companies: 865
Sumter, SC
- Proportion Black-owned: 7.9%
- Black Inhabitants: 45.8%
- Whole variety of Black-owned companies: 112
Richmond, VA
- Proportion Black-owned: 7.6%
- Black Inhabitants: 28.9%
- Whole variety of Black-owned companies: 1,805
Augusta-Richmond County, GA-SC
- Proportion Black-owned: 7.6%
- Black Inhabitants: 35%
- Whole variety of Black-owned companies: 638
Analyzing Black-owned Enterprise Knowledge
The District of Columbia, Maryland, and Georgia have roughly 50% extra Black-owned companies than different states. Transportation is the most well-liked business for Black entrepreneurs. Black enterprise homeowners comprise practically 8% of the transportation and warehousing industries, greater than twice the nationwide common.
Different well-liked industries embody healthcare, social providers, administrative assist, and leisure.
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