February is Black History Month, and to honor the occasion, researchers at TruckInfo.net 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 13.7% of the population, 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.
Graph showing Black Businesses vs. Black population share in major U.S. metros. (Stacker/Stacker)
TruckInfo.net
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: …