If you’re a Black entrepreneur and you don’t live in one of the following 10 cities, you may want to consider relocating. Blacktech Week used data from the U.S. Census Bureau to update its list from 2015 of cities where Black entrepreneurs thrive. The same cities made this new list that was previously published by NerdWallet, only they were ranked differently this time around, HuffPost reported.
The top ten cities, defined as areas with more than 100,000 residents, follow:
1. Memphis, Tennessee (previously ranked third):
Memphis has the lowest unemployment rate of the top ten cities, a Black Business Association and a higher percentage of Black-owned businesses than Atlanta, the city commonly thought of as the best place for Black entrepreneurship.
2. Montgomery, Alabama:
What’s boast-worthy about Montgomery is that it has “the highest percentage of black businesses nationwide,” according to HuffPost. Black business-owners there can also consult the Alabama State Black Chamber of Commerce and Montgomery’s Chamber of Commerce Minority Business Development Task Force for support.
3. Atlanta/ Sandy Springs/ Marietta Georgia (down from first place):
The top city for Black businesses in 2015, still has the “highest number of businesses per 100 habitants,” an unemployment rate that has decreased from 6 percent to 4.5 percent and the Atlanta Metropolitan Black Chamber of Commerce.