Question: How much revenue do black businesses generate?

How much do black-owned businesses make?

One study found that Black women-owned businesses earned an average of $24,000 in net revenue, compared to $142,900 among all women-owned businesses.

What percentage of entrepreneurs are black?

In 2019, the rate of new entrepreneurs among Black U.S. residents was 0.24 percent, or 240 new entrepreneurs for every 100,000 adults each month.

Where are the most black-owned businesses?

Memphis has the highest number of Black-owned businesses in the United States at just over 43%.

What is the biggest black-owned business?

RLJ Lodging Trust, one of the largest publicly owned Black businesses, reported total assets of $5,92 billion in June 2020.

What race has the most entrepreneurs?

The most common ethnicity among entrepreneurs is White, which makes up 73.0% of all entrepreneurs. Comparatively, there are 12.8% of the Hispanic or Latino ethnicity and 6.0% of the Asian ethnicity.

What city has the most black millionaires?

Black entrepreneurship

According to a 2015 study by NerdWallet, the Atlanta area is home to about 2.1 million black owned businesses which is the highest in the nation.

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