Black-owned businesses experienced the quickest growth from 2017 to 2020; the greatest increase was seen in Black women-owned businesses.
According to the Brookings Institute, businesses owned by Black women increased by 18.14%, outshining women-owned and Black-owned businesses, which increased by 9.06% and 13.64%, respectively. Amid the growth trends, there have been concerns about Black companies being sold or taken over by white businesses, according to Forbes. Read more at www.blackenterprise.com.
