Black-Owned Businesses See 14% Increase Since 2020
Written by Black Hot Fire Network on February 12, 2024
February 12, 2024
Black-Owned businesses are still underrepresented according to the Black population share in America.
According to numbers from the latest available U.S. Census, Black-owned businesses have increased by 14% since 2020. While the increase in the number of Black-owned businesses is a positive sign, Black-owned businesses are still underrepresented according to the Black population share in America. And, the growth is concentrated in a few industries.
