The State of Black Women-Owned Businesses

There’s no shortage of news about the evolution of women-owned businesses in the past few decades. More women are diving into entrepreneurship and earning a bigger piece of the financial pie that keeps the economy moving. According to the 2018 State of Women-Owned Business Report, commissioned by American Express, the number of women-owned businesses increased by nearly 3,000% since 1972. The report examines trends in women businesses, including black women-owned businesses, based on the 2012 Survey of Business owners and annual gross domestic product estimates.

In an exclusive interview with American Express research advisor Geri Stengel, we examine the trends in women-owned businesses and how black women have contributed to that growth:

Women-owned businesses are growing much faster…

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