The number of Black-owned businesses in the U.S. increased by 68% from 2007 to 2018, according to data from the U.S. Census Bureau and the Department of Commerce’s Minority Business Development Agency. However, Black-owned businesses made up only 2.3% of all employer businesses in the U.S. in 2019, even though Black people comprised 14.2% of…

clockThis article was published more than 3 years agoThe number of working African American business owners in the United States plummeted more than 40 percent as the coronavirus shut down much of the economy — a far steeper drop than other racial groups experienced, according to an analysis confirming fears the pandemic would deepen inequalities in…