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I'm also wondering how accurate the list is, as it says that Albany County NY has 0 Black owned firms. That doesn't seem right. It also has a county in NC that is 33.4% Black with 0 Black owned firms.
This is tricky. Entrepreneurship in the black community is often the product of being squeezed out of the labor market. It's a really bad measure of economic prosperity. Home ownership statistics can also be misleading.
Atlanta often comes up in discussions like this, but the city actually has a fairly low rate of upward mobility and poor health outcomes. DC's black community is being gentrified out to PG county, which is the wealthiest predominantly black county in the country, but it has bad schools and public services.
I personally believe NYC is the best city for Black people. While the disparities between black and white New Yorkers may be a large, a big part of that is if there is just so much wealth in the city. There are also lower rates of homeownership, because it's a renters city. In terms of sheer numbers, New York still has more black professionals, and I feel it's more open and easy to network. It also has one of the highest rates of upward mobility in the country.
DC's black population has increased in raw numbers. The black percentage has dropped because the city has added over 70,000 people in five years. DC is adding black people, not losing them. The difference is socioeconomic. Young educated black people are buying homes in Ward 7 and Ward 8 in droves. They are replacing lower income black people in DC as they move out to the suburbs where it's more affordable to live. Affluent black people are the ones gentrifying the neighborhoods across the river.
Two bedroom/two bathroom row houses at 1200 sq. feet over three levels were selling for $250,000 last summer in Ward 7 and Ward 8. Those same homes are selling for $300,000-$330,000+ this summer. Young black professionals are driving the real estate market in Ward 7 and Ward 8 in DC. The amount of money flowing into these neighborhoods across the river is astonishing.
I think people assume because the percentage of black people is dropping that the city is losing its black population. The population of black people has actually increased in raw numbers, but as the city continues to add 1,000 people per month and delivers over 6,000 housing units a year, the percentage of black people in the total population will continue to drop. DC is becoming very dense and urban so there are just a lot of people from all races these days.
Last edited by MDAllstar; 07-30-2016 at 09:15 AM..
New York - 697,390 (20.8%)
Chicago - 457,136 (29.1%)
Atlanta - 398,898 (22.0%)
Philadelphia - 315,106 (25.8%)
Miami - 314,797 (25.3%)
Detroit - 297,067 (31.4%)
Dallas - 233,164 (22.5%) Houston - 221,743 (20.3%)
Los Angeles - 209,128 (24.3%)
Washington - 206,088 (13.8%)
Bay Area - 85,934 (22.3%)
Boston - 75,013 (21.5%)
I think he pointed that out earlier in the thread. Houston does quite well when it comes to incomes vs cost of living, and with a large amount of blue collar jobs at that. The energy industry is largely to thank for just, just as DC's numbers can be ultimately attributed to the federal government.
I think he pointed that out earlier in the thread. Houston does quite well when it comes to incomes vs cost of living, and with a large amount of blue collar jobs at that. The energy industry is largely to thank for just, just as DC's numbers can be ultimately attributed to the federal government.
Personally, most professional blacks I know in Houston are in medical, legal, and political fields, so it's certainly not just oil (no, you didn't say that it was).
Personally, most professional blacks I know in Houston are in medical, legal, and political fields, so it's certainly not just oil (no, you didn't say that it was).
All the Black people I know in Houston are also in professional fields, but we still know that energy plays a huge role in the economy and supports other industries. Same goes for DC; even before I moved to the area, I knew several people who live here who didn't/don't work for the feds.
Why do you have San Antonio as an option but not LA or Dallas?
I was about to say the same thing, I am glad I read your comment before saying that as well.. I am completely baffled as to how Boston beat Dallas(Which is considered the next black Mecca and where blacks make more than the state average income as well as other supposedly predominantly white communities)
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