Women of color are starting new businesses faster than anyone else
The newest State of Women-Owned Businesses Report shows that minority female entrepreneurs generate $422.5 billion in revenue for the economy.
Consider this stat: Over the past year, women started an average of 1,817 new businesses per day in the U.S. That now represents 42% of nearly 13 million businesses overall, which employ 9.4 million workers and generate revenue of $1.9 trillion. And while these female founders come from diverse backgrounds, women of color make up the biggest portion of them, according to the annual State of Women-Owned Businesses Report.