The first-time abstraction yzed 111 U.S. cities (with populations over 100,000), attractive at things like amount of living, allotment of black-owned businesses and their revenue, and the boilerplate assets of atramentous residents.
The Peach Accompaniment is home to three of the top 10 cities: Columbus, Atlanta and Savannah.
“Georgia has a able-bodied flush African-American community, which is actual entrepreneurial,” said Bill Murphy, controlling carnality admiral of the Greater Columbus Georgia Chamber of Commerce. “People anticipate atramentous entrepreneurship is concentrated in Atlanta, but it extends to added cities in the accompaniment too.”
To his point, Columbus, Ga., took the No. 1 spot. Over a third of the city’s baby businesses are black-owned. The boilerplate anniversary acquirement is aloof $32,000 — abundant lower than best of the added top 10 cities. But Columbus’ all-embracing account was additional by its low amount of living.
The address didn’t accede admission to basic as a agency in its methodology.
Cindy Yang, baby business yst with NerdWallet, said that was deliberate. “As abundant as 65% of these businesses are self-funded or await on allotment from ancestors or friends,” she said.
But Harry Alford, admiral of the Civic Atramentous Chamber of Commerce, argued that this alignment larboard out some important hubs.
He agreed that Atlanta is a top atom for atramentous entrepreneurs but said cities like Houston, Chicago, New York and Los Angeles ability accept stronger abeyant because of their beyond atramentous populations and the befalling to accomplish added revenue.
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Columbus, with a citizenry of 202,000, is a big aggressive boondocks and home to Fort Benning.
“There are 40,000 aggressive cadre and civilians associated with it,” said Murphy. “Black-owned micro-businesses such as stores, beard salons, beautician shops and restaurants are accouterment to them.”
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