⁍ Black founders receive just 1% of venture capital, according to a study.
⁍ Black entrepreneurs can be affected by cost of living, government incentives, startup survival rate, and local economic health.
⁍ Some states are better-equipped to support black founders and offer more resources for starting and scaling a business.
– There are 2.6 million black-owned businesses in the US, but they’re underrepresented in several key areas, including venture capital funding, cost of living, and local economic health, Fast Company reports. WalletHub has ranked the best and worst states for black-owned businesses based on a number of factors, including racial progress, economic and financial health, and social and financial equality. The 10 best and worst states for black-owned businesses:
Source: https://www.businessinsider.com/top-10-us-states-black-entrepreneurs-start-grow-business