Cities with the most Black-owned businesses
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Cities with the most Black-owned businesses
February is , and to honor the occasion, researchers at analyzed data from the Census Bureau to better understand the positive impact of Black entrepreneurs.
Despite Gains in Recent Years, Black Entrepreneurs Are Still Underrepresented
Although Black Americans represent , only 3.3% 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, Hinesville, Georgia, has five 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. Hinesville, GA
- Black-owned businesses: 18.2%
- Black Population: 37.5%
- Black-owned Businesses: 157
- Black-owned Businesses per 10k: 51
2. Atlanta-Sandy Springs-Roswell, GA
- Black-owned businesses: 11.3%
- Black Population: 34.3%
- Black-owned Businesses: 13,766
- Black-owned Businesses per 10k: 66
3. Fayetteville, NC
- Black-owned businesses: 10%
- Black Population: 32.6%
- Black-owned Businesses: 480
- Black-owned Businesses per 10k: 28
4. Virginia Beach-Chesapeake-Norfolk, VA-NC
- Black-owned businesses: 9.4%
- Black Population: 30%
- Black-owned Businesses: 2,632
- Black-owned Businesses per 10k: 49
5. Memphis, TN-MS-AR
- Black-owned businesses: 9.3%
- Black Population: 47.5%
- Black-owned Businesses: 1,606
- Black-owned Businesses per 10k: 25
6. Washington-Arlington-Alexandria, DC-VA-MD-WV
- Black-owned businesses: 9.2%
- Black Population: 25%
- Black-owned Businesses: 10,486
- Black-owned Businesses per 10k: 66
7. Jackson, MS
- Black-owned businesses: 8.2%
- Black Population: 49.8%
- Black-owned Businesses: 865
- Black-owned Businesses per 10k: 29
8. Sumter, SC
- Black-owned businesses: 7.9%
- Black Population: 45.8%
- Black-owned Businesses: 112
- Black-owned Businesses per 10k: 18
9. Richmond, VA
- Black-owned businesses: 7.6%
- Black Population: 28.9%
- Black-owned Businesses: 1,805
- Black-owned Businesses per 10k: 47
10. Augusta-Richmond County, GA-SC
- Black-owned businesses: 7.6%
- Black Population: 35%
- Black-owned Businesses: 638
- Black-owned Businesses per 10k: 30
At the State Level, Washington D.C., 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 6% of employer businesses are Black-owned in Mississippi even though the state has the fourth-highest concentration of Black-owned businesses.
Transportation Is the Most Popular Industry for Black Entrepreneurs
While only 3.3% of employer firms are Black-owned, 7.8% of transportation and warehousing firms are Black-owned鈥攎ore 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 Census Bureau for 2022, the most recent data available. Only businesses that employed at least one individual were included in the analysis.
