2019 African American Small Business Owners are Younger and Include More Women

2019 Trends – African-Americans In Business

A look at African-American-owned businesses in 2019

Presented by: Guidant Financial and Lending Club

African Americans don’t wait as long to jump on the opportunity of opening their own small business compared to the average small business owner.

While a plurality of African American small business owners are baby boomers (45 percent), the national average of boomer small business owners is a majority, at 57 percent. African American business owners age 40 to 49 overtake the average at 32 percent versus 25 percent. Finally, there are slightly more millennial African American small businesses owners than the average, with 23 percent of African American respondents in this generation versus the 18 percent of average small business owners. READ IN FULL