Breaking News

Florida’s Black business loan program is in need of reforms

Black-owned companies along the Treasure Coastline are carrying out quite well for on their own. 

At least, that is 1 somewhat misleading conclusion that could be drawn from analysis printed by the Brookings Establishment, a consider tank that reports a range of countrywide financial and political troubles.

In an article published Dec. 31, 2020, two Brookings researchers said Census data indicates Black-owned enterprises in the Port St. Lucie metro place (which incorporates St. Lucie and Martin counties) have greater normal salaries ($49,371) than any other metro place in the region.

For comparison, the Las Vegas metro place is a distant next with an typical salary of $45,059 for workers of Black-owned corporations.

The exact same write-up claimed just about a person-quarter of the Black-owned companies in the Port St. Lucie metro area (23%) have been working 16 years or more.