Supporting Black-owned businesses is an extremely effective strategy for promoting equality in the United States, according to a recent survey conducted by the Pew Research Center. However, despite the growth in the number of Black-owned businesses in recent years, the representation of Black business owners remains disproportionately low.
Statistics show that Black business owners make up only 2.4% of all employer-firm owners, while Black Americans comprise approximately 12.4% of the country's population. This disparity stands in stark contrast to the situation for white Americans, who account for a majority (86%) of employee-firm owners while representing about 59% of the total population.
