Deep Dive: 2.92% of New York businesses are classified as Black-owned
In this week's Deep Dive segment, News 12's Kristie Reeter looks at the growth of Black-owned businesses.
•
Mar 4, 2022, 12:01 PM
•
Updated 1,016 days ago
Share:
More Stories
Learn about 16 Black women who led the fight against social injustice
278ds ago1:21
Black History Month: Brownsville students emulate impactful Black figures through live museum event
289ds ago3:07
Black History Month: Focusing on Wall Street's ties to slavery
290ds ago1:30
Live Life Better: Black History Month reception at the White House
290ds ago2:34
Become healthier this Black History Month and American Heart Month
292ds ago1:45
Black History Month: Cherry Bailey rises through the ranks from sanitaton worker to chief
296ds agoLearn about 16 Black women who led the fight against social injustice
278ds ago1:21
Black History Month: Brownsville students emulate impactful Black figures through live museum event
289ds ago3:07
Black History Month: Focusing on Wall Street's ties to slavery
290ds ago1:30
Live Life Better: Black History Month reception at the White House
290ds ago2:34
Become healthier this Black History Month and American Heart Month
292ds ago1:45
Black History Month: Cherry Bailey rises through the ranks from sanitaton worker to chief
296ds agoIn this week's Deep Dive segment, News 12's Kristie Reeter looks at the growth of Black-owned businesses.
In a News 12 poll - we asked viewers how they support Black-owned business. The majority of New York viewers said they shop local.
During the Census, there is new data on small businesses overall. Caleb Silver, with Investopedia, broke down the latest data on growth when it comes to Black-owned businesses.
"Well nationwide, we know about 2.33% of businesses are classified as Black-owned, according to the most recent Census. In New York, it is a little bit better than that, and the best in the tri-state area at about 2.92% so almost 3% and the growth trends are favorable," says Silver.
MORE: Want to support a Black-owned business? 7 ways to help you find shops during Black History Month
What are we expecting in the future?
"If we look at 2020 to 2021, we saw 33% growth in male-owned Black businesses, and about 22% growth in female-owned Black businesses and hopefully those trends will continue throughout 2022," says Silver.
More from News 12
1:31
Tips for businesses to thrive with rising rent
1:48
The Cost Of: Holiday lights
Fortnite players 'tricked' into unwanted purchases are starting to get refunds. Here's how to apply
2:08
Brooklyn senior loses $120,000 in crypto art scam as DA sounds alarm on growing crypto fraud
0:31
Anthem Blue Cross Blue Shield reverses decision to put a time limit on anesthesia
1:13
