Atlanta ties as 5th best metro area in U.S. for black-owned businesses

Atlanta tied for fifth among U.S. metro areas as a best place for black-owned companies to do business, according to a new report from the National Urban League Policy Institute, the research arm of the National Urban League.

Atlanta, which was tied with Charlotte,  ranked behind the Washington, D.C., Los Angeles metro areas, which were one and two in the report, and the Chicago and Detroit metro areas, which tied for third.

St. Louis, Dallas-Fort Worth, Cleveland, New York and Philadelphia followed.

The report said that, “Cities with strong diversity supplier policies and which allow easy access to business-to-business and government contracts were the best environments for black-owned businesses to grow.”

National Urban League President Marc H. Morial said, “Businesses owned by minorities have grown faster than white-owned businesses since 2007. One major factor in that growth has been the success of minority business set-aside programs. It’s been one of the few job-creation bright spots during this difficult recession and jobless recovery.”

“The greatest weakness in African-American entrepreneurship is not in starting businesses, but rather in growing these businesses enough to create sustained and significant revenue,” Valerie Rawlston Wilson, the National Urban League’s vice president of research,  said. “Inability to obtain credit remains more of an obstacle for African American business owners than for any other group.”

The report presented several recommendations for growing and strengthening black-owned businesses, from increasing the funding available for small business loans and raising the set-aside cap for government small business contracts to establishing robust procurement goals at all levels of government and encouraging support for private sector supplier diversity programs.

6 comments Add your comment

JDW

November 10th, 2011
11:45 am

I’m surprised the ATL is only fifth!

zeke

November 10th, 2011
12:03 pm

Amazing! With all the pro minority, pro black for black sake in Atlanta, you would think it would be a run away for #1!! Rules for supplier diversity, descrimination against white workers and companies, is not Constitutional and should be ruled as such! Assirmative regression policies are not Constitutional and should be legally eliminated!

vsheehan

November 10th, 2011
12:08 pm

Zeke enough all ready. Get off your butt and get a job you lazy communist whiner. Stop blaming others for your failings and expecting a handout . Pull yourself up by those boot straps and remember you’re poor because you failed.

John Smith

November 11th, 2011
12:07 pm

With all the black owned fake hair weave stores in this town I’m suprised its not #1! Lord knows they gots to have their nappy fake dread locks

Biz Goddess

November 12th, 2011
8:46 am

Go
@ Zeke take vsheehan’s advice!

@John Smith it’s 2011 GET OVER YOURSELF! Don’t worry about what beautiful black people are doing with their hair. They are definitely trying to impress you. You must love or be attracted to the black culture to be so concerned about what hair looks like! Get a life creep! Stop being an insecure white man it’s not attractive!

Lisa L

November 12th, 2011
8:53 am

Go Black Atlanta Entrepreneurs!

@Zeke: What vsheehan said!

@John Smith: Stop being and insecure white man! (Like Biz Goddess said) Mostly Korean’s own the weave shops not African American’s. Do your research clown! And even despite your ignorance it’s great that Atlanta is a leading black entrepreneur city. If you don’t like it -Go back to YOUR country.