The ranking is based on a total of 7 metrics measuring the economic environment and the success of black-owned businesses in each metropolitan area. Contributors control their own work and posted freely to our site. The cost of living index has increased in the last 2 years, though the unemployment rate has significantly decreased from 6. Memphis, Tennessee rank: For more information visit www. At the same time, Washington metro area is the 1st nationwide, according to the Kauffman Index, in terms of business growth, which represents the growth of startups in terms of number of employees over the last 5 years. Using the same methodology and, for the most part, the same databases, Blacktech Week has taken a new look at those metropolitan areas, to see whether the same level of attractiveness for black entrepreneurs still holds. The Baltimore Office of Sustainability offers support for black entrepreneurs, having different programs specially tailored for different context, for instance, one targeted at black moms and dads who wish to launch a startup. Atlanta-Sandy-Springs-Marietta, Georgia rank: On the other hand, the Kauffman Index for Main Street Entrepreneurship, which focuses on small business, shows a large increase in the survival rate of small business in the last years the percentage of small business created 5 years before which were still operating. Best metropolitan areas for black owned companies in 1.
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