As black unemployment remains at historic lows, The number of small businesses owned by African Americans in the United States has exploded by 400% year-over-year, according to a survey of more than 2,600 small business owners and entrepreneurs by Guidant Financial.
The survey reveals that in 2018, 45% of small business owners were minorities - up from just 15% three years ago, with the majority of them belonging to African American owners.
Following African Americans, Hispanics were the next largest group of minority small business owners representing 14% of the business owners interviewed for the survey. Meanwhile, Asians made up 8% of the business owners surveyed while Native Americans made up 4%. -Small Business Trends
Looking more closely at the data, we find that the majority of black business owners are between 40-49 years of age, while the #1 state for the demographic is Texas, followed by Georgia, California, Florida and North Carolina.
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3 comments:
That's not even counting the drug dealers.
Very Good News. Now we have to start supporting these small businesses which only helps the local economies to improve. At our other home in another state I got tired of paying for weekly grass cutting because it wasn't needed. Called around and found a new business starting up black owned who was willing to work with me. I pay him more then before but he's is only cutting as needed. I have since gotten him 3 more contracts.
Throwing a brick through a storefront during a riot and squatting in the property, doesn’t make you a business owner.
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