Study Shows Black Women Are Fastest Growing Entrepreneurial Group

An increasing number of Black women are opting to leave Corporate America behind and strike out on their own, according to a report commissioned by American Express OPEN. The study titled, “The 2015 State of Women-Owned Business Report,” revealed businesses owned by Black women had seen a 322 percent jump since 1997. The report also stated Black women own about 14 percent of all businesses nationwide.

There are certain states with high numbers of businesses owned by Black women.

“While nationally African-American women comprise 14 percent of all women-owned firms, African-American women comprise a greater than average share of all women-owned firms in Georgia (35 percent), Maryland (33 percent), and Illinois (22 percent),” according to the report.

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Posted by the NON-Conformist


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