Top 10 Cities in the U.S. with the Most Black Businesses
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Black Americans make up nearly 14% of the U.S. population but only own 3.3% of the businesses. A closer look at regional data reveals that the South stands out as a hub for Black entrepreneurship.
Here’s a rundown of the top 10 metropolitan areas in the South where black-owned businesses thrive, according to a recent report from Truck Info.
1. Hinesville, GA
- Percentage of Black-owned businesses: 18.2%
- Black Population: 37.5%
- Total number of Black-owned firms: 157
2. Atlanta-Sandy Springs-Roswell, GA
- Percentage of Black-owned businesses: 11.3%
- Black Population: 34.3%
- Total number of Black-owned firms: 13,766
3. Fayetteville, NC
- Percentage of Black-owned businesses: 10%
- Black Population: 32.6%
- Total number of Black-owned firms: 480
4. Virginia Beach-Chesapeake-Norfolk, VA-NC
- Percentage of Black-owned: 9.4%
- Black Population: 30%
- Total number of Black-owned firms: 2,632
5. Memphis, TN-MS-AR
- Percentage of Black-owned businesses: 9.3%
- Black Population: 47.5%
- Total number of Black-owned firms: 1,606
6. Washington-Arlington-Alexandria, DC-VA-MD-WV
- Percentage of Black-owned: 9.2%
- Black Population: 25%
- Total number of Black-owned firms: 10,486
7. Jackson, MS
- Percentage of Black-owned businesses: 8.2%
- Black Population: 49.8%
- Total number of Black-owned firms: 865
8. Sumter, SC
- Percentage of Black-owned: 7.9%
- Black Population: 45.8%
- Total number of Black-owned firms: 112
9. Richmond, VA
- Percentage of Black-owned businesses: 7.6%
- Black Population: 28.9%
- Total number of Black-owned firms: 1,805
10. Augusta-Richmond County, GA-SC
- Percentage of Black-owned: 7.6%
- Black Population: 35%
- Total number of Black-owned firms: 638

These data points illustrate not only the geographic concentrations of Black-owned businesses but also the diversity within industries. The transportation sector sees the highest representation, with nearly 8% of businesses owned by Black entrepreneurs, significantly above the national average.
Other popular sectors include healthcare, social services, administrative support, and entertainment.

As discussions around diversity, equity, and inclusion (DEI) continue, especially with some companies reconsidering their commitment to these initiatives, these figures highlight the critical role of representation in the business world.
The success stories from these regions provide a blueprint and inspiration for fostering minority entrepreneurship across the country.