Georgia #1 for black-owned businesses - WALB.com, Albany News, Weather, Sports

Georgia #1 for black-owned businesses

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By Wainwright Jeffers - bio | email

ALBANY, GA (WALB) – Georgia is the number one state for black-owned businesses.

20 percent of businesses in the state have black owners, only the District of Columbia has a higher rate at 28 percent.

Business owner Frank Ross owns the Cinnabon restaurant in Albany, it's been open less than a year, it has been so successful he already has plans to expand.

Minority owned businesses across the us grew by 45 percent to 5.8 million over just five years, a faster pace than all U.S. businesses.

"When we first started with the company the program we entered was a diversity initiative program and it was the companies desire to try and introduce more black and minority owned business throughout the country," said Ross.

The new Cinnabon location will open at PeachTree mall in Columbus, construction should be completed later this year.

The Albany store was the number one franchise in the nation in sales for the first quarter of this year.

One reason Georgia ranks high for black-owned businesses is population growth.

67,000 African Americans relocated to the state since July 2007, the largest increase in the country.

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