Not only are black Americans employed at record rates, but the number of black business owners is skyrocketing under President Donald Trump’s economy.
Trump has been boasting about the decline in black unemployment since he took office. In fact, many minority worker groups have been thriving.
Stock Market up almost 40% since the Election, with 7 Trillion Dollars of U.S. value built throughout the economy. Lowest unemployment rate in many decades, with Black & Hispanic unemployment lowest in History, and Female unemployment lowest in 21 years. Highest confidence ever!
— Donald J. Trump (@realDonaldTrump) June 11, 2018
Minority communities aren’t just finding jobs, they are creating jobs too.
According to the Minority 2018 Small Businesses Report, the number of businesses owned by black business owners increased by 400 percent from 2017 to 2018.
The report, gathered by Guidant Financial, shows that 44 percent of those black-owned businesses have two or more employees, creating jobs for thousands of people.
It isn’t just African Americans who are opening new businesses. In 2015, just 15 percent of businesses were minority-owned. Now, in 2018, 45 percent of businesses are minority-owned.
The state with the largest number of black entrepreneurs was Texas, which makes sense. Texas is the second lowest corporate tax rate in the nation.
Many took to Twitter to comment on the excellent news about the increased diversity in American business owners.
— Andrew Klavan (@andrewklavan) August 21, 2018
Good morning. Black small business ownership surges 400% from 2017 to 2018. Growth, optimism, innovation.
Great news! https://t.co/0lnAjZ4rOl
— Steve Cortes (@CortesSteve) August 18, 2018
Beyond unleashing the economy, Trump has made improving his image in the black community a priority, including connecting with prominent figures like Kanye West and pushing for criminal justice reform.
That’s a lot of winning.