Black Women Are More Likely to Start a Business than White Men

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.