STATS

Some key Stats about Black women-owned businesses:


* Numbered 2,681,200 or 21% of all women-owned businesses.

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* Have grown at an annual rate for the past year of 12% compared to an 8% annual growth rate between 2014 and 2019.

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* Earned an average revenue of $24,000 per firm vs. $142,900 among all women owned businesses.

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* The gap between African American/Black women-owned businesses' average revenue and all women-owned businesses is the greatest of any minority.

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* Represented the highest rate of growth of any group in the number of firms between 2014 and 2019 and between 2018 and 2019.

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* Thirty five percent of black business owners are women. with 23 percent more women than the average, black entrepreneurs remain one of the demographics with the highest ratio of women to men year over year.

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* Of an overwhelming majority of black entrepreneurs surveyed, 80% said lack of capital was the most challenging aspect of running a business.

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* Black women are leading the charge in entrepreneurship. They own more than 2 million businesses, and women of color are 4.5 times more likely to start a business than other groups.

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* On average, Black women are paid 39 percent less than white men and 21 percent less than white women. Even when you control for industry, occupation and education, Black women on average are paid less than white men.

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* According to the National Partnership for Women and Families, if the pay gap were closed, in a single year a Black women working full-time would be able to afford over three years' worth of groceries, nearly two years of rent, or two and a half years' worth of childcare.

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* Most people are overly optimistic about the state of Black women. Only half of Americans (51%) think there are still obstacles that make it harder for Black women to advance. Not surprisingly, more than two-thirds of Black women (71%) say significant obstacles still exist.

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