Black Women and Entrepreneurship

According to the latest female entrepreneurship data (2019), statistics on Black female entrepreneurship found that Black women account for 2.7 million or 21% of all women-owned businesses in the U.S., showing the highest growth in female-owned businesses with a 49.8% increase.

As per LinkedIn:

“During the pandemic, 17% of Black women said they were “in the process” of starting a new business compared to just 10% of white women and 15% of white men. While these stats are impressive and show the resilience and determination of Black women, they are 2X as likely to be turned down for business loans; further, only 3% of Black women founders are running mature businesses.”