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Georgia Ranks Number One in 'Best States for Black Entrepreneurs'

As a Black entrepreneur, the location of your startup is an important decision. Fit Small Business compiled a list of best states for Black entrepreneurship, and the state of Georgia ranks number one followed by Texas and Florida. The study found that the top-ranking states had high numbers of African American-owned businesses as well as fair average corporate tax rates. With Black-owned businesses, on the rise these states offer unique assets to Black entrepreneurs. States were ranked according to social and financial equality, Black-owned business success, economic health, and startup climate and opportunity. Fit Small Business recognizes that Black-owned businesses and entrepreneurship are at the foundation of the U.S. economy. Around 39 percent of participants believe the American economy will see improvement and be in a better position if Black entrepreneurs had more opportunities. “With this being the inaugural study, our goal was to focus on the data that paints an overall...

Devin Crudup

Feb 19, 2020