SmartAsset has released its list of the best places for Black entrepreneurs in 2023. The study analyzed 39 of the largest metro areas.
Brunno Braga•Jan 2, 2024
SmartAsset has released its list of the best places for Black entrepreneurs in 2023. Despite comprising over 12% of the U.S. population, Black Americans own less than 3% of all businesses. SmartAsset’s study, which analyzed 39 of the largest metro areas, reveals key insights into the prevalence, success, and financial health of Black-owned businesses.
The study focused on three categories and a total of nine metrics, including the number of Black-owned businesses, new business success, and income and job security. The rankings are based solely on business and employment data, excluding social climate and other factors contributing to racial inequality.
SmartAsset’s study considered three categories with nine metrics, including the prevalence of Black-owned businesses, new business success, and income and job security. Rankings were determined by averaging scores across the categories.
For detailed information on the data and methodology, click here.
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