Black business growth in the US: The rise and challenges
Written by Black Hot Fire Network on May 26, 2024
By Megan SaylesAFRO Business Writermsayles@afro.com
Despite Black people comprising nearly 14 percent of the U.S. population, they own just about 3 percent of the country’s businesses. In comparison, White entrepreneurs own 85 percent of companies– even though their share of the population is about 60 percent.
Nevertheless, according to a Pew Research Center analysis, Black businesses are on the rise– and they’re making more money. The . . .
