Tagged: minority business owners

This year, 22 of the nation's 233 biggest companies owned by African Americans are based in Michigan, according to Black Enterprise Magazine.

The only other state with that many businesses on the list was New York.

The magazine divided the companies into seven sectors: industrial/service, auto, advertising, financial services, banks, asset managers, investment banks and private equity firms.

New chambers of commerce are starting to form in cities across Michigan to support African-American business leaders. The Michigan Black Chamber of Commerce is working to charter local black chambers in several cities. The group wants to empower African-American business leaders to overcome unique challenges, like historically bad access to capital.

Leaders of the newly-formed Grand Rapids Black Chamber of Commerce are hoping to empower African-American business owners.