To increase Black well-being, look to an equitable share of Black-owned employer businesses

Black Americans comprise about 14.2% of the U.S. population, yet Black-owned businesses represent 12.7% of all sole proprietorships and only 2.4% of employer businesses. These disparities don’t only hold back Black entrepreneurs—they also restrict economic opportunities for entire communities, which in turn impacts local prosperity. Data shows a correlation between metro areas with more equitable representation of Black-owned employer businesses and higher well-being scores for Black residents. If the share of Black employer firms matched . . .