Black business community in New Jersey ‘growing by leaps and bounds’
Amid the massive layoffs in Camden and questions about the struggling gaming industry, New Jersey does have some promising news to report on he business front.
The fastest-growing segment of the business community in New Jersey and the country is African-American business owners, reports The Press of Atlantic City. The U.S. Census Bureau Survey of Business Owners states the number of black-owned businesses in New Jersey increased 66 percent from 2002 to 2007, outpacing the national increase of 60 percent.
Black-owned businesses in the state earned $4.4 billion in 2007, a 36 percent increase from 2002 but below the nationwide increase of 55 percent, the article states,
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