Florida's Black Business Loan Program Needs Reforms
Florida’s Black Business Loan Program Needs Reforms

Black-owned businesses along the Treasure Coast are doing quite well.

This is at least a somewhat misleading conclusion that could be drawn from the research published by the Brookings Institutiona think tank that studies a variety of national economic and political issues.

In an article published on December 31, 2020two Brookings researchers said census data indicates that Black-owned businesses in the Port St. Lucie metro area (which includes St. Lucie and Martin counties) have higher average salaries ($49,371 ) than any other metropolitan area in the country.

By comparison, the Las Vegas metro area lags far behind with an average salary of $45,059 for employees of black-owned businesses.

The same article indicates that almost a quarter of Black-owned businesses in the Port St. Lucie metro area (23%) have been in operation for 16 years or more.

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