US Startup Surge Is Driven by Growth in Majority Black Areas

According to the Alliance for Entrepreneurial Equity, US entrepreneurial growth has been particularly strong since the pandemic. Particularly in areas where minority groups make up the majority of the population.

According to the AEE, from 2019 to 2021, majority of Black counties in America, saw a 103 percent increase in new business applications, compared to a 54 percent increase nationally. The organization is a collaboration between the center-left think tank Third Way and the civil-rights organization National Urban League.

According to the US Census Bureau, a record 5.4 million new businesses were formed in the United States last year as a result of a combination of economic necessity and increased support. According to the report, the disruption of how Americans live and work played a role in the entrepreneurship boom during the Covid-19 crisis.

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