The number of businesses owned by African American women grew 322% since 1997, making black females the fastest growing group of entrepreneurs in the U.S.It surprises me, because it's easy to slip into the idea that black people seek secure jobs and aren't risk-takers. It shouldn't surprise me, because I know several of the black women with whom I've worked have had the ability to be entrepreneurs. I don't know whether in retirement they've taken that direction, or maybe their daughters have.
Overall, the number of women-owned businesses grew by 74% between 1997 and 2015—a rate that’s 1.5 times the national average, according to the recently published “2015 State of Women-Owned Businesses Report” commissioned by American Express Open. Women now own 30% of all businesses in the U.S., accounting for some 9.4 million firms. And African American women control 14% of these companies, or an estimated 1.3 million businesses. That figure is larger than the total number of firms owned by all minority women in 1997, the report found.
Tuesday, November 10, 2015
Good News: Entrepreneurs and Race