Last updated: Month, Year

Emerald Economic Index System (EEIS) · Measuring the Black Economy

Primary Metrics

Business Metrics

Household Metrics

Year-over-Year Trends

Black Purchasing Power

2016-2025 · $ billions (consumer spending)

Black Employer Ownership Rates

2019-2025 · % of all firms

Black Business Revenue

2016-2025 · $ billions (output)

Loan Approval Rates

2021-2025 · historical trend

Details

Capital Access Details (2025)

Loan approval rate (2025) 47%
Venture capital to Black founders (2025) 1.2%
Black-owned bank assets (2025) $8.2B
Number of Black-owned banks (2025) 22
CDFI loans to Black businesses (2025) $1.8B

Business & Demographics (2025)

Total Black-owned employer firms 140,000
New firms (2025) 12,400
Total jobs at Black-owned firms 1.42M
Average employees per firm 10.2
Black business owner median age 48
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