Atlanta’s reputation as Black economic hub soars with over 10,000 businesses

The Black-owned Sweet Auburn Bakery is pictured on April 10, 2023 in Atlanta, Ga. According to a recent report, the city has the country's highest rate of Black-owned businesses, with over 10,000 in operation. (Kenny Murry/WABE)

From the historic Sweet Auburn neighborhood to innovative tech start-ups, Atlanta has long been a hub for African American entrepreneurs. According to a recent report, the city has the country’s highest rate of Black-owned businesses.

According to the most recent data from online lending website Lending Tree, Georgia’s capital is home to over 10,000 black-owned companies- about 9%. Nationally, the number sits below 3%.

Data from the Small Business Administration (SBA) shows that loans to Black-owned businesses have more than doubled under the Biden-Harris Administration.