- 2.7% of U.S. businesses are Black-owned. According to the 2021 data (the latest available), that’s a 12.5% increase from 2.4% in 2020 and 2019. This comes amid a decrease in the Black population, from 12.8% in 2019 to 12.6% in 2020 and 12.2% in 2021.
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Similarly, Portland, Ore., again has the lowest rate of Black-owned businesses among the 50 metros with the most Black-owned businesses across the U.S. 1.1% of businesses in the metro are Black-owned, though it’s increased from 0.9% in 2020. This Oregon metro also has the lowest Black population rate among the 50 metros, at 3.0%. Ahead of Portland for the lowest rate of Black-owned businesses are Providence, R.I., and Austin, Texas (tied at 1.3%).
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Nearly 3 in 10 Black-owned businesses are in the health care and social assistance industry. 28.0% of Black-owned businesses are in this industry, with professional, scientific and technical services next at 13.9%.
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Crafting a solid business plan
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Starting a business with little to no money
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Succeeding in your first year
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Strengthening your credit & accessing startup business loans
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Understanding, overcoming and preventing small businesses failure
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Navigating state-specific small biz resources
