Incfile, a Texas-based firm that assists startups with official filings, conducted a study ranking Washington, D.C. as the nation’s best city for Black entrepreneurs.
The study ranked the 10 best and five worst cities for Black entrepreneurs to start their businesses based on median income, cost of living, revenue-generation by Black-owned businesses, the city’s Black population, and how many Black residents responded to the U.S. Census.
Incfile applied the metrics to the 100 most populated cities between June and July 2022 to determine the best cities for Black entrepreneurs.
“When starting a business, the characteristics of your city can make a big difference in whether or not you’re set up for success,” Incfile CEO Dustin Ray said in a statement to Technical.ly.
“Of the top 100 most populated cities in the U.S., D.C. came out on top. [It] ranked high for average annual revenue for Black-owned businesses and medium income of residents.”
Click here to read the rest of the article written by Derek Major over at Black Enterprise
