US Black business ownership sees rise thanks to women, study finds

Black business ownership is up more than 30% on pre-pandemic levels, with Black women making up a fastest growing group

Black business ownership is surging in the US despite the coronavirus pandemic, research shows, with a rise in businesses owned by Black women.

At the start of the pandemic, Black-owned businesses suffered. Between February and April 2020, Black business ownership dropped by more than 40%, the largest drop of any racial or ethnic group, according to a report from the House committee on small business.