Business School Study Determines Economic Impact of African Americans in North Carolina

A new report from the Institute of Private Enterprise at the Kenan-Flagler Business School of the University of North Carolina at Chapel Hill finds that African Americans contributed $44.7 billion to the state’s economy each year. The study found that 1.8 million African Americans generate $22,272 each to the state’s economy in the way of purchases and taxes.

The research also determined that the state of North Carolina spends about $4.5 billion, or $2,500 per black resident, for healthcare, education, and corrections. Blacks in North Carolina pay an estimated $3.8 billion in state and local taxes.