CHARLOTTE, N.C. — Black-owned businesses make up just 3% of all businesses in the US, according to Smart Asset. However, the Charlotte area is proving to be a hotspot for Black entrepreneurs.
Charlotte-Concord-Gastonia recently ranked number two among the top 15 places for Black entrepreneurs, with Black-owned businesses making up 27.59% of all businesses in the area, according to Smart Asset.
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The area ranked just below Austin-Round Rock-Georgetown in Texas, which saw an 88.27% increase in the number of Black-owned businesses between 2018 and 2020
The study also found the startup early survival rate in the state as a whole is just over 82% (ranking number five across the country).
Other areas in North Carolina on the list include Raleigh-Cary at number nine and Greensboro-High Point at number 13.
See the top 10 areas ranked below:
- Austin-Round Rock-Georgetown, TX
- Charlotte-Concord-Gastonia, NC-SC
- Atlanta-Sandy Springs-Alpharetta, GA
- Boston-Cambridge-Newton, MA-NH
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Indianapolis-Carmel-Anderson, IN
- Miami-Fort Lauderdale-Pompano Beach, FL
- Huntsville, AL
- Raleigh-Cary, NC
- Seattle-Tacoma-Bellevue, WA
WCNC Charlotte is always asking "where's the money?" If you need help, reach out to WCNC Charlotte by emailing money@wcnc.com.
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