Which States Have The Most Black Owned Businesses?

There are 3.7 million black-owned businesses in the United States. These businesses make up 11.3% of all businesses in the country. This is close to the 13% of the U.S. population that is black.

Some states have more black businesses than others, and some have a larger percentage. We’ll be looking at the states with the most black-owned businesses in America. This will put in perspective how much black-owned businesses contribute to the economy.

Florida

Florida takes the top spot with the most Black-owned businesses. There are 461,149 black-owned businesses across the state. Out of these, 18,502 are employer firms. This shows Florida’s strong support for black entrepreneurs. From big cities to small towns, black-owned businesses thrive here.

Texas

Texas comes in second with a large number of black-owned businesses. The state has 404,813 black-owned businesses. Among them, 12,527 are employer firms. Texas is known for its thriving entrepreneurial culture. Black-owned businesses flourish in both urban and rural areas here.

Georgia

Georgia ranks third with a large number of black-owned businesses. There are 380,310 black-owned businesses in the state. Out of these, 14,394 are employer firms. Black entrepreneurs are a vital part of Georgia’s economy.

California

California holds the fourth spot with a large number of black-owned businesses. The state has 252,729 black-owned businesses. Among them, 15,014 are employer firms. California’s innovative business environment encourages Black entrepreneurship. From tech hubs to creative industries, black-owned businesses are thriving here.

New York

New York rounds out the top five. The state has 238,636 black-owned businesses. Of these, 13,953 are employer firms. New York’s dynamic urban centers provide ample opportunities for black entrepreneurs. Black-owned businesses are an integral part of the state’s economy.

District Of Columbia

The District of Columbia takes the top spot with the highest percentage of black-owned businesses. A remarkable 35% of businesses here are black-owned. Additionally, 15.17% of employer firms are owned by black entrepreneurs. This highlights DC’s strong support for black business owners. The nation’s capital is a thriving hub for diverse enterprises.

Georgia

Georgia comes in second with a large percentage of black-owned businesses. In this state, 31% of businesses are black-owned. Among employer firms, 8% are owned by black entrepreneurs. Georgia’s culture and supportive environment promotes business growth. Black-owned businesses are a vital part of the state’s economy.

Maryland

Maryland ranks third with a notable percentage of black-owned businesses. In this state, 31% of businesses are black-owned. Additionally, 7.88% of employer firms are black-owned. Maryland’s strong community networks support Black entrepreneurs. This state is a great place for diverse businesses to thrive.

Mississippi

Mississippi takes the fourth spot with a solid percentage of Black-owned businesses. Here, 28% of businesses are black-owned. Among employer firms, 5.68% are owned by black entrepreneurs. Mississippi’s supportive environment helps Black-owned businesses succeed. This state has a good and supportive business community.

Louisiana

Louisiana rounds out the top five with the highest percentage of Black-owned businesses. In this state, 24% of businesses are black-owned. Additionally, 4.62% of employer firms are owned by black entrepreneurs. Louisiana’s rich culture and supportive policies encourage Black entrepreneurship. Black-owned businesses are an important part of the state’s economy.

World Wide Technology

World Wide Technology is the largest black-owned business in America. It has an impressive $17 billion in annual revenue. This company, founded by David Steward in 1990, provides innovative and customized IT solutions to businesses of all sizes. Based in St. Louis, Missouri, World Wide Technology has become a leading technology solution provider.

Act 1 Group

Act 1 Group is the second largest black-owned business in America, with an annual revenue of $2.8 billion. Founded in 1998 by Janice Bryant Howroyd, this global consulting and staffing firm provides services in technology, government, and entertainment. Starting with a single office in California, Howroyd has grown Act 1 Group into a multinational corporation with over 17,000 global clients.

These Industries Have The Highest Number Of Black-Owned Businesses

These Industries Have The Highest Number Of Black-Owned Businesses