Can ~100% More Ventures In Majority Black Areas Lead To Faster Economic Development?
8 Aug 2022
News
The good news: More entrepreneurs are starting ventures in majority black areas, according to a study by the Alliance for Entrepreneurial Equity. The study found a marked surge in entrepreneurial activity in areas with a majority of black residents. New business applications in majority black areas increased by 103% from 2019 to 2021 compared to 54% nationally, and were about 3.5 times higher in 2005.
The study gives a number of reasons for this trend, including:
- More government financing
- Greater necessity, even with pandemic relief
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Eye on Royse City: Texas Scores Top Ten Spots for Business and Crypto in Latest CNBC Rankings
Jul 27 2022The Royse City, TX Community
Royse City is home to a growing number of young professionals and families. The average age within the city is 32 years old, and the educational attainment is higher than the national average. This has led to a population that is active, educated, and earns around $90,000 per year - far more than the national average. With 15,000 new homes in some stage of development, the city’s growth is expected to continue for some time. As it does, investments are being made in parks and recreation and the local school district.
Housing Costs Less
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Low Cost of Living
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