March 10, 2025
Tallahassee, Florida, is among the many Prime 15 cities with the very best rating of Black-owned companies.
A brand new survey finds that Tallahassee, Florida, has twice the share of Black-owned companies in contrast to the nationwide common.
A LendingTree survey on U.S. cities with the very best and lowest numbers of Black-owned companies ranks Leon County in Tallahassee among the many high 15 nationwide for its share of Black-owned companies. The findings are prompting native financial builders to discover new methods to assist and launch much more Black-owned companies within the space.
“We discovered that 7% of companies in Tallahassee are Black-owned and that places Tallahassee tied for 14th among the many 50 greatest metros within the nation,” Matt Schulz, chief credit score analyst for Lending Tree, advised WFSU.
The survey revealed that out of seven,828 companies in Tallahassee, 549—or 7%—are Black-owned, doubling the nationwide common. Katrina Tuggerson, president of the Capital Metropolis Chamber of Commerce, sees the examine as an indication of constructive progress—and she or he credit Florida A&M College for taking part in a big function.
“It’s the biggest Black enterprise within the state of Florida. So for those who take a look at what trickles down locally that holds FAMU, it may well’t be nothing however greatness,” she advised WCTV.
Nevertheless, regardless of the odds, the numbers nonetheless fall wanting Leon County’s Black inhabitants.
“Whenever you distinction that to the truth that about 32% of the inhabitants of town is Black, there’s quite a lot of room for progress,” Schultz stated.
Darryl Jones, who oversees minority, girls, and small enterprise applications at Leon County’s Workplace of Financial Vitality, emphasised that the group affords a wealth of assets to assist enterprise progress. Whereas there’s nonetheless progress to be made, the OEV is happy to see native Black-owned enterprise numbers shifting in the correct route.
“Useful resource companions just like the FAMU Small Enterprise Improvement Middle, DOMI Station, Jim Moran Institute,” Jones stated. “After which you have got lending companions just like the FAMU Federal Credit score Union and the Good Steps Mortgage Program.”