If you're a Black entrepreneur, you might consider moving to Texas to start a new business. Texas actually just came in at #8 on Merchant Maverick's yearly list of the top 10 best places in the United States for Black entrepreneurs in 2023.

No, the Lone Star State didn't come in first, but ranking #8 out of 50 states is definitely something to be proud of. We even beat out North Carolina at #9 and Florida at #10.

Texas actually ranked third last year but still managed to stay in the top 10 for 2023. One benefit to starting a business in Texas is that Texas doesn't have state income taxes. Also, the average annual income in Texas is $62,326, which is the 9th highest in the United States. No state income tax and a high average income rate certainly help new business owners maneuver through the first few years with their new start-up.

According to their study, the Mid-Atlantic still reigns supreme as the number one hotspot for Black entrepreneurs. The majority of the states that scored high on the list have an exceptionally large black population.

Are you a Black business owner in Texas? Do you have any tips for others who are looking to start a business here? I'd love to hear from you. Please feel free to email me at Chrissy.Covington@townsquaremedia.com for a chance to be featured in an article.

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