Black Owned Businesses Surge 400% Under Trump
President Donald Trump has constantly touted the fact that the black unemployment rate is at its lowest point in history under his watch, but that’s not the only impressive statistic he can tout.
The African American unemployment rate fell to 6.8%, the lowest rate in 45 years. I am so happy about this News! And, in the Washington Post (of all places), headline states, “Trumps first year jobs numbers were very, very good.”
— Donald J. Trump (@realDonaldTrump) January 6, 2018
Black entrepreneurship has surged to historic levels under Trump. The small business financier Guidant Financial released a report on small business trends for black business owners, and the results are almost too incredible to believe. “Year over year, we saw a 400% increase in the number of African-American owned small businesses” the report reads.
The report also found that 45% of all small business in the country was owned by minority groups this year. This is a massive increase from 2015 when the total percentage of small businesses owned by minorities was 15%. The largest minority group of small business owners were African American at 19%, followed by Hispanic at 14%, Asian at 8%, and Native American at 4%.
The CEO of Guidant, David Nilssen, credited Trump’s policies for some of the shift. “Growth amongst all minorities including women is promising in America as small business ownership becomes more favorable and easier to attain. We anticipate and hope to see a continued increase as the impact of tax reform and economic growth shape small business ownership moving forward.”
The full results are summarized in the infographic below:
Depressingly, this optimistic trend has not been covered in the mainstream media. You won’t learn about the surge in black-owned businesses in the Trump economy if you scroll over to CNN, MSNBC, CBS, the Associated Press, or even a financial news network like CNBC.
They’re deliberately not paying attention, but those benefiting are. Overall, Trump’s approval is nearly perfectly split with 50% approving and 49% disapproving, and this reflects improving favorability. His biggest increase in support, however, has come from the black community. While 18% approved of Trump to some extent a year ago, today that figure has surged to 31%.
It’s not hard to see why.