According to a new analysis by LendingTree, Atlanta has the highest percentage of Black-owned businesses in the nation for the third year in a row. The report found that 11.3% of Atlanta’s businesses—approximately 13,000—are Black-owned, marking an 8.9% increase from last year.

This solidifies Atlanta’s position as a hub for Black entrepreneurship and economic growth. The report also highlighted nationwide trends, showing that Black-owned businesses in the U.S. grew by 22.2% year-over-year, with 3.3% of all businesses in 2022 being Black-owned. 

Health care and social assistance remain the most common industries for Black entrepreneurs, accounting for about one in four Black-owned businesses. 

The study also found that Black-owned businesses are most likely run by young Black women who have been in business for less than two years. Women play a significant role in Black entrepreneurship overall, with 39.1% of Black-owned businesses nationwide being led by women.