Despite starting businesses at a high rate, 3% of Black women are running mature businesses. In contrast, white women are more than twice as likely to be mature business owners (7%), despite starting at lower rates. This disparity between high startup and low established business activity among Black women suggests potential issues with sustaining a business. Enabling access to entrepreneurship for all groups in society benefits all of us by creating employment opportunities, increasing innovation, combating income inequalities, and bringing a diversity of ideas into fruition.

In the United States, an astounding 17% of Black women are in the process of starting or running new businesses. That’s compared to just 10% of white women, and 15% of white men.

Yet despite this early lead, only 3% of Black women are running mature businesses. To understand why this steep drop off occurs, and how to combat it, we…

Read more…

Share.

Comments are closed.