Austin & Dallas Earn Top 2 Spots for Black Business Owners

When it comes to tax-friendly cities and ease of starting a business, Austin and Dallas took the No. 1 and 2 spots when ranked by African-American small business owners, according to Thumbtack chief economist Jon Lieber. Jon tells us black-owned businesses are on a roll, up to 9.4% of small businesses in 2012 from 7.1% in 2007.

Jon says the growth triggered the question of which cities were doing best for these business owners. In Thumbtack’s small business friendliness survey, respondents were asked questions about local tax laws, licensing rules and the regulatory environment.

Texas ranked highest overall. Jon says the survey responses were then examined based on race. What he found was that black business owners nationwide were slightly younger, more likely to work alone, and cited inflation as a top concern for the federal government at twice the rate of other business owners in the survey. Nine of the top 10 cities are in the South. From top to bottom: Austin, Dallas, Columbus, West Palm Beach, Richmond, Virginia Beach, Kansas City (MO), Nashville, Jacksonville and Raleigh.

Continue reading this story with a free account

Log in or register
Related Topics: Jon Lieber , Thumbtack
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

Bisnow's 2026 DEI Data Series

Lincoln Property's New Pennsylvania Head On What Types Of Deals He's Targeting

Philly's Busy Summer Created Momentum. Can The City Turn It Into Long-Term Growth?

McKinney Approves $21M In Funding For Cannon Beach Surf Resort

FBI Drops Investigation Into Financially Troubled StoryBuilt

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Machine Investment Group Buys 490-Unit Multifamily Property In North Dallas: The DFW Deal Sheet

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

DFW Multifamily Distress Creates Opening For Investors As Development Slows

SpaceX Sues Texas AG, Grimes County Over Terafab Project Information

DFW's Life Sciences Sector Offers Startups The Ingredients They Need To Scale