(CHARLESTON – January 10, 2020) – According to the United States Census Bureau, there are more than 2 million businesses in the country that are owned by African Americans. That statistic dispels a lot of rumors that African Americans are not successful in business. On the contrary, Black-owned businesses are a huge asset to the U.S. economy. But wait there’s more!
Here are 10 more little-known facts about Black businesses:
#1 – The highest ratio of Black-owned businesses is in Washington, DC where 28% percent of ALL businesses there are owned by African Americans.
#2 – The second highest ratio of Black-owned businesses is in the state of Georgia, where 20% of ALL businesses there are Black-owned.
#3 – Although the ratio is only 10.6%, the state of New York actually has the most Black-owned firms at 204,093.
#4 – Of the 2 million Black businesses in the U.S., only about 107,000 of them have actual employees. READ IN FULL