Investing in African-American Women Could Jump-Start Economy
African-American-owned businesses are the fastest-growing (pdf) segment of the women-owned-business market and are starting up at a rate six times higher (pdf) than the national average for all new firms. As the Center for American Progress’s new report “The State of Women of Color in the United States” shows, this is good news for African-American women.
African-American women, who make up 13 percent of our nation’s female population, suffer disproportionately lower rates of being insured, being employed, obtaining a college degree and being represented in elected office, among other indicators of prosperity—a continuation of a longer trend.
Despite these gloomy indicators, the gains that African-American women have made in business are a reason to celebrate. The entrepreneurial spirit is strong among African-American women, who today own 1.1 million firms within a variety of industries, top among them being social assistance and health care. In fact, the number of companies started by African-American women grew nearly 258 percent from 1997 to 2013.
Read more here.
This article was originally published in The Root.
To speak with our experts on this topic, please contact:
Print: Katie Peters (economy, education, poverty, Half in Ten Education Fund)
202.741.6285 or email@example.com
Print: Anne Shoup (foreign policy and national security, energy, LGBT issues, health care, gun-violence prevention)
202.481.7146 or firstname.lastname@example.org
Print: Crystal Patterson (immigration)
202.478.6350 or email@example.com
Print: Madeline Meth (women's issues, Legal Progress, higher education)
202.741.6277 or firstname.lastname@example.org
Spanish-language and ethnic media: Tanya Arditi
202.741.6258 or email@example.com
TV: Lindsay Hamilton
202.483.2675 or firstname.lastname@example.org
Radio: Chelsea Kiene
202.478.5328 or email@example.com