THE CASH STUFF FOR SEPT. 11, 2025

 NORTH CAROLINA RANKED 

NUMBER THREE IN NATION

FOR BEST IN BLACK BUSINESS

By Cash Michaels

Contributing writer

According to a new survey out last month, North Carolina ranks #3 behind  Georgia and Delaware, out of all 50 states, as the best for black-owned businesses in 2025.

In an online survey published by B2B Review, North Carolina ranked third because, “The state ranks tenth for the number of Black businesses, with 15.95% of all small businesses being Black-owned. Additionally, the state has the third-highest business success rate, at 60.7, which is more than the average (56.1). Similarly, 20.50% of North Carolina’s population is Black, placing it ninth for that metric.

The B2B Review continued,”The Black median household income is 71.80% of the state’s median income for all races and higher than the national average of 70.19%. Black-owned businesses have the tenth-highest annual payroll, and North Carolina approved 3.21% of the total SBA loan approval amount in 2025.”

North Carolina ranked ahead of #4 South Carolina, #5 Maryland, #6 Alabama, #7 Texas, #8 Florida, #9 District of Columbia and rounding out the top ten, Virginia.

Georgia ranked #1 because “It has the highest percentage of Black-owned businesses (34.49%) in the nation, which is significantly higher than the national average (10.15%). The state also saw a 26.36% increase in Black businesses from 2023 to 2024, which is higher than the national average of 26.02%. Additionally, 31% of Georgia’s population is Black, placing it fourth for that metric, and significantly higher than the national average (11.01%).”