Thursday, May 18, 2017

RVA 9th Best City for Black Entrepreneurs


Once again, Richmond continues to be a city of choice for business. The May 5th edition of the online magazine Rolling Out ranked the city 9th in its top 20 list of best places for black entrepreneurs.

“I’m delighted to congratulate the City of Richmond for achieving this accomplishment the top 20 list of cities for black entrepreneurs,” said Mayor Levar M. Stoney. “It is an honor to be recognized as a hub for cultivating new ideas, entrepreneurship and pioneering for the development of black-owned businesses.”

The article highlights the correlation between strong minority leadership and the development of minority businesses. Many of these cities indicate similar characteristics such as political support. The article noted that 8 out of 20 cities had African-American mayors. Southern dominance is another observed category, with Michigan and D.C. being the only cities not located in the Southern region of the country. From Historically Black Colleges and Universities to the amount of black owned banks, historical significance was found in each of these cities.

To see the full list of cities recognized, visit http://rollingout.com/2017/05/05/the-top-cities-for-black-entrepreneurs/

Please contact Patricia Foster at (804) 646-7966 or Patricia.Foster@RichmondGov.com for information regarding Minority Business Development in the city.