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: Liz Bartolomeo (poverty, health care)
202.481.8151 or email@example.com
Print: Tom Caiazza (foreign policy, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or firstname.lastname@example.org
Print: Allison Preiss (economy, education)
202.478.6331 or email@example.com
Print: Tanya Arditi (immigration, Progress 2050, race issues, demographics, criminal justice, Legal Progress)
202.741.6258 or firstname.lastname@example.org
Print: Chelsea Kiene (women's issues, TalkPoverty.org, faith)
202.478.5328 or email@example.com
Spanish-language and ethnic media: Rafael Medina
202.478.5313 or firstname.lastname@example.org
TV: Rachel Rosen
202.483.2675 or email@example.com
Radio: Sally Tucker
202.481.8103 or firstname.lastname@example.org