African American-owned businesses grew at a much larger pace than the rest of U.S.-based businesses from 2002 to 2007

African American business owners made enormous strides during the early 2000s, as revealed by an infographic below from CreditDonkey.com.

Courtesy of: CreditDonkey

According to the illustrated piece titled “Black Business Thriving,” the number of African American-owned businesses grew at a much larger pace than the rest of U.S.-based businesses from 2002 to 2007, the most recent year available.

When it comes to starting a new business, African American entrepreneurs far outpaced the rest of the United States. African American-owned businesses, where an African American holds a 51 percent stake have steadily increased since 2002.

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