This story originally appeared on Zippia.com.
With African Americans occupying 13% of the U.S. population, it’s shocking that only 7% of the country’s businesses are Black-owned.
Recent events have led to a nationwide push to support Black-owned businesses, so we wanted to find out which states support a thriving environment for Black-owned businesses.
The first factor we examined was the number of Black-owned businesses per capita, using data from the Census Bureau’s Annual Business Survey. What better way to determine which states have the right environment and support for Black businesses to flourish than the number of Black businesses currently in operation?
After that, we pulled in the number of workers employed by Black businesses to gauge the size and the success of those businesses.
However, businesses don’t grow in a vacuum. We then looked at the percentage of Black residents with a bachelor’s degree or higher from the Census Bureau’s American Community Survey, or ACS. College is great to get the knowledge you need for your business to succeed and meet people who can help you along the way.