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