Richmond a leader in Black business ownership

• Fayetteville, North Carolina, comes in first with more than 11%, followed by D.C.

Nationwide, the rate is 2% for companies that have employees, according to a 2022 Alliance for Entrepreneurial Equity study.

Yes, but: Neither rate is proportional to the Black population, which is 13% nationwide and 28% in metro Richmond.

Why it matters: 80% of Black-owned businesses fail within the first 18 months, per the Alliance, so we want to give them some attention in honor of Black History Month.

What are your favorite Black-owned businesses in town? Let us know so we can feature some this month — and all year.