📈 The Gist: Georgia stands as the state with the 2nd highest rate of Black entrepreneurship in the U.S., with income also ranking impressively in the top 20.

📈 The Gist: Georgia stands as the state with the 2nd highest rate of Black entrepreneurship in the U.S., with income also ranking impressively in the top 20.

🤔 Why It Matters: Entrepreneurship is a significant driver of economic growth, and recognizing states that foster such a culture can inspire others to follow suit.

❓ What’s Happening:

  • A recent study by Merchant Maverick showed Georgia’s commendable position in fostering Black entrepreneurship.
  • However, challenges persist, with venture capital for Black entrepreneurs seeing a sharp decline in 2022.

🔍 Between the Lines:

  • Despite the entrepreneurial success, the average annual income of Black business owners remains below the national average.
  • Surprisingly, many states considered “progressive” lag in yielding positive returns for Black small businesses.

🖼️ The Big Picture: While Georgia’s achievements in Black entrepreneurship are laudable, there’s still work to be done nationally to ensure equitable opportunities and support for all business owners.


📈 The Gist: Georgia stands as the state with the 2nd highest rate of Black entrepreneurship in the U.S., with income also ranking impressively in the top 20.
Thom Chandler
Website

Thom Chandler is the editor of The Georgia Sun and has been writing, editing and managing websites and blogs since 1995. He is a lifelong Georgian and one of those increasingly rare Atlanta natives.