CHARLOTTE — The number of Black-owned businesses in Charlotte is on the rise.
A new report from Lending Tree shows that 7.1% of businesses in Charlotte were Black-owned in 2022. That’s up 5.3% from the year before.
That now makes Charlotte 12th for Black-owned businesses among the 50 largest metro areas in the United States.
Experts say it’s because there’s a rise in support for minority entrepreneurs. However, they say there are still challenges like access to capital.
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