July “Multiply Your Savings” #19

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19 Jul

Donna Taylor Blog 0 0

The 10 Most Supportive States for Black-Owned Businesses. African-Americans account for 13% of the U.S. population, yet only 7% of U.S. businesses are Black-owned. Recent events have led to a nationwide push to support Black-owned businesses, so we wanted to find out which states support a thriving environment for Black-owned businesses. However, businesses don’t grow in a vacuum. Having a college degree can be beneficial, but not absolutely necessary. Here are the states and their rankings of the number of Black-owned businesses in the U.S.

10. Florida

9. North Carolina

8. Massachusetts

7.New Jersey

6.Texas

5. Virginia

4. California (tie) w/ Virginia

3. New York

2. Georgia

1. Maryland is the state with the most Black-owned businesses

About the Author

Written by Donna Taylor

Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel United Methodist Church (UMC) in Montross, VA. Rev. Dr. Taylor promotes best practices by teaching financial literacy workshops and currently serves as Finance Chair in the Rappahannock River District for the UMC. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.