Despite persisting societal barriers and a global pandemic, Black entrepreneurship is significantly on the rise, according to a new report. And a new study shows that states in the Mid-Atlantic pocket of Virginia, Maryland and Delaware provide the best environment for Black businesses to thrive.
Merchant Maverick’s report, Best States For Black Entrepreneurs In 2022, finds that Black-owned businesses grew an astonishing 38% between February 2020 and August 2021, according to UC Santa Cruz research, even while white and Asian businesses fell by 3% and 2%, respectively.
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