‘All American City’ Has Highest Percentage of Black-Owned Businesses of Major Cities
posted by DorMiya Vance | February 22, 2022 | In NewsThe ‘All American City’ has gained recognition once again. According to a LendingTree Study, “11.2% of businesses in Fayetteville — which has the seventh-highest Black population among the 50 metros examined — are Black-owned.”
Fayetteville is currently home to 585 Black-owned businesses, holding the record above “major cities including Washington, D.C., Richmond, Virginia, and Atlanta, Georgia,” according to The Fayetteville Observer.
Suzy Hrabovsky, executive director of the Center for Economic Empowerment and Development, told The Fayetteville Observer that “it’s wonderful that everyone feels like they can succeed by starting their own businesses and making it work for them.”
The Black community has taken entrepreneurship to the next level, especially Black women. The LendingTree study highlighted that “34.5% of Black-owned businesses are woman-owned, compared with 20.0% overall woman-businesses.”
In Fayetteville, Black women own about 49% of the women-owned businesses suggesting that they are “taking advantage of the resources that are out there,” according to Hrabovsky.
The pandemic opened doors for more small businesses and entrepreneurs as they faced adversaries like unemployment or cut wages. According to The Fayetteville Observer, in 2021, 45 Black-owned businesses were operating in the downtown area. There are now over 50 Black-owned businesses downtown.
A list of the Black-owned business in Cumberland County is available via the Fayetteville Area Convention and Visitor’s Bureau website: https://www.visitfayettevillenc.com/black-owned-business/. The list is comprised of at least 75 Black entrepreneurs and counting.
“That’s what entrepreneurship is: it’s that when you see a problem, you figure out a way to overcome it,” Hrabovsky said, “So I think African-American business owners saw a problem and decided they wanted to contribute and be of service to others and fix the problems and I love it.”
Photo: Owners of Wreck & Release on Murchison Road: (left) Ch-Hara Pearson, NCCU Alumna (right) Sparkle Bass, NC A&T Alumna. Photo courtesy of Wreck & Release
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