Business
African American women-owned businesses growing rapidly
Tuesday, June 30, 2015
The number of African American women-owned businesses in the United States continues to grow rapidly.
According to the latest numbers, the figure is now at 322 percent in comparison to a 2014 figure of 258 percent since 1997, making black females the fastest growing group of entrepreneurs in the country.
Overall, the number of women-owned businesses grew by 74 percent between 1997 and 2015, according to the recently published “2015 State of Women-Owned Businesses Report” commissioned by American Express Open.
Women now own 30 percent of all businesses in the United States and African American women control 14 percent of these companies.
Read more: Fortune