The South is leading in economic freedom due to its pro-business environment and lower taxes. The South has a pro-business environment and lower taxes, making it a leader in economic freedom.

Are you looking to gain economic freedom? Recent data has shown that the South has now caught up to the "promise" of the cities in the North, and is now leading the charge in terms of economic growth. It is also now home to many Black Americans who are migrating from other regions and cities, and here they are finding opportunities for success.

In order to gain a better understanding of the economic activities in the South, here are five of the most important things to consider.

Black-owned businesses are on the rise, especially in cities like Atlanta, which boasts the highest % of Black-owned businesses at 7.4%. This is because of the various programs and initiatives in place to support Black entrepreneurs, such as the Atlanta Business League.

The population growth in the South is also a key driver, with the region representing 39% of the entire US population. This is in part due to the new great migration, which has seen young Black people drawn to the region for its education and networking opportunities.

The job market in the South is also booming, with the highest job openings rate of 5.6%, and the lowest unemployment rate out of any region. This has seen the Black labor force in the South rise to almost 60%.

The tax climate in the South is another benefit for Black-owned businesses. The average rank for Northeast states is 38, while the average for the six-state South is 17. This means that the average state and local tax burden is much lower in the South, making it more financially viable for Black-owned businesses to succeed.

Finally, the Gross Domestic Product (GDP) of the South has now surpassed that of the Northeast, which it fell short of only a decade ago. This indicates the great potential for economic growth and prosperity in the South.

If you are considering migrating to or settling in the South, these five economic activities are important to be aware of. With the right opportunities and resources in place, Black Americans can achieve economic freedom and success.

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