7 Top Tier US Cities For Young Black Entrepreneurs

In a February report, NerdWallet released data on the 111 best cities that support the greatest prosperity for minority business owners. The list contained cities — big and small — that produced either large numbers of businesses or had high revenue streams. The list below shows major cities with mostly African-American populations and their impressive business gains.

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Atlanta

Georgia has the third-largest consumer market, valued at more than $73 billion. The city of Atlanta also has decent and affordable housing that contributes to the migration to the city. According to NerdWallet, the average yearly revenue of many businesses is about $52,000-plus. Also, the thriving entertainment industry adds to the prosperity.

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Miami

According to the NerdWallet data, Miami is 16th out of 111 cities, but the city has some impressive numbers nonetheless. Per 100 people, there are 14 Black/minority-owned businesses. The unemployment rate is one of the lowest in the country at 5.5 percent.

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Comments

  1. Are those unemployment rates for each city the **overall** unemployment rate?

    What's the rate for African Americans?
    Thanks for the other info!!!

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