According to a July 2017 article
by the U.S. Census Bureau, the number of minority-owned businesses has
increased. “The Annual Survey of Entrepreneurs [has provided] a timely, demographic portrait of the
nation’s employer businesses by gender, ethnicity, race and veteran status.”
According
to the data, minority-owned firms increased by nearly 5% between 2014 and 2015.
Non-minorities saw a smaller increase on the order of approximately 1%. Female
business owners are taking the lead over male while nonveterans are outpacing
veterans, as well. More specifically, ownership of firms by females increased
by 3% from 2014 – bringing the total number of businesses owned by women up to
1.1 million in 2015.
The
American Express OPEN “2016
State of Women-Owned Businesses Report” states that the growth in female entrepreneurship
has largely been fueled by minorities.
They report, “Firms owned by
women of color – their numbers have more than doubled since 2007, increasing by
126%. In fact, there are nearly 2.8 million more firms owned by women of color
now than in 2007, among an overall increase of 3.5 million in the number of
women-owned firms.”
In short, the business world
seems to be experiencing significant change in regard to its demographic
composure; although it is difficult to determine if these trends will continue.
--
http://www.womenable.com/content/userfiles/2016_State_of_Women-Owned_Businesses_Executive_Report.pdf
Awesome,
ReplyDeleteThank you so much for sharing such an awesome blog...
woman owned business enterprise services
woman minority owned business certification
ReplyDeleteThanks for your post which is truly informative for us and we will surely keep visiting this website.
woman and minority owned businesses
tail spend management services
sas certified advanced analytics professional
sas academic data science training