May 30, 2024

businessweek

Taste For Business

Florida’s Black business loan program is in need of reforms

Black-owned firms together the Treasure Coastline are carrying out really properly for them selves. 

At least, which is one somewhat misleading summary that could be drawn from investigate posted by the Brookings Establishment, a consider tank that research a selection of countrywide economic and political issues.

In an posting printed Dec. 31, 2020, two Brookings researchers explained Census information indicates Black-owned enterprises in the Port St. Lucie metro spot (which includes St. Lucie and Martin counties) have bigger average salaries ($49,371) than any other metro spot in the state.

For comparison, the Las Vegas metro location is a distant next with an common salary of $45,059 for workforce of Black-owned corporations.

The very same posting mentioned practically 1-quarter of the Black-owned businesses in the Port St. Lucie metro area (23%) have been running 16 yrs or a lot more.