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For the second-straight year, Atlanta leads the nation with the highest percentage of Black-owned businesses, according to a new analysis of U.S. Census data from the country’s 50 biggest metros, released by financial platform LendingTree.
Researchers found that 8.8% of businesses in Atlanta are Black-owned — up from 7.4% in last year’s report. Additionally, Atlanta boasts the second-highest number of Black-owned businesses and the fifth-highest Black population rate.
Following Atlanta with the next highest rate of Black-owned businesses are Washington, D.C. (7.6%), and Memphis, Tenn., and Augusta, Ga. (tied at 6.7%).
Key takeaways
- 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…
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