Categories: Business and Economy

Fayetteville Ranks Second for Black-Owned Businesses Per Capita

Feb. 25, 2025, 5:03 a.m. ET

A LendingTree study examined the prevalence of Black-owned businesses across U.S. metropolitan areas. The study’s findings indicate Fayetteville, North Carolina, currently holds the second position in this ranking.

Black-Owned Business Statistics

The LendingTree study, analyzing data through 2022, revealed that 3.3% of all U.S. businesses are Black-owned. This represents a 22.2% increase compared to the prior year.

Fayetteville’s Ranking

Fayetteville previously held the top ranking in 2019, with 11.2% of its businesses being Black-owned. Data limitations prevented the city’s inclusion in the 2020 and 2021 rankings. As of 2022, Black-owned businesses constitute 10.1% of Fayetteville’s business market, placing it second nationally.

Black Hot Fire Network Team

BHFN Editorial Team covers breaking news, culture, and global developments impacting Black America, Africa, Kenya, and the African diaspora. Focused on timely reporting and community-driven perspectives, the team delivers news, analysis, and stories that inform, connect, and amplify diverse voices.

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