Center Publication

NOTE: Updated data on businesses owned by women of color will be released in Fall 2006. Please join our mailing list to be notified when updated information is available.

Center for Women’s Business Research

Minority Numbers

Businesses Owned by Women of Color in the United States

Firms owned by women of color are growing at six times the rate of all U.S. firms, according to the Center for Women’s Business Research’s 2004 biennial update.

• Between 1997 and 2004, the number of privately-held firms that are 51% or more owned by women of color grew by 54.6%, while all privately-held firms in the United States grew by 9.0%.
• Between 1997 and 2004, African-American women-owned businesses grew by 32.5%,while Hispanic women-owned businesses grew by nearly 64% (63.9%).
• The two groups seeing the largest growth in women-owned firms are Asian and Pacific Islanders and Native Americans/ Alaska Natives (both grew by 69.3%).

For more results from our look at minority women business owners, underwritten by Bank of America, download the following fact sheets:

• Businesses Owned by Women of Color in the United States, 2004

• African American Women-Owned Businesses in the United States, 2004
• Asian American & Pacific Islander Women-Owned Businesses in the United States, 2004
• Hispanic Women-Owned Businesses in the United States, 2004
• Native American & Alaska Native Women-Owned Businesses in the United States, 2004

“I see the results of this study as a call to action for all financial service companies to design and deliver solutions that will help women-owned businesses grow and prosper now and into the future.”

Lynn Pike, president, Bank of America Small Business Banking

Research Summaries by Date  ·  Sitemap