Walker’s Legacy, the largest digital platform for multicultural women in business, proudly recognizes August as National Black Business Month.
In support of National Black Business Month and Black businesswomen, Walker’s Legacy has released a Black Women Entrepreneur Fast Fact sheet available for download on walkerslegacy.com under research.
“Supporting Black businesses, specifically Black women-owned businesses, has never been more important. During the month of August we intend to highlight and honor National Black Business Month through a number of new initiatives commencing with the release of our Black Women Entrepreneur Fast Fact Sheet,” said Natalie Cofield.
During National Black Business Month, Walker’s Legacy seeks to bring awareness to the fastest-growing population of entrepreneurs: Black women entrepreneurs. Below are a few figures from the Walker’s Legacy Black Women Entrepreneur Fast Fact Sheet that showcase the expanding presence of Black women entrepreneurs in the business landscape:
- As of 2012, Black women entrepreneurs owned approximately 1,525,494 businesses across the United States and composed almost 58.9% of all Black business owners. (2) (6)
- With 1,521,494 firms, Black women business owners are making significant contributions, representing 45% of all minority-women-owned and 29% of new women-owned companies between 2007 and 2012. (2)
- Women of color account for 89% (1,625) of the new businesses opened every day over the past year. This number has grown faster than the overall rate of new women-owned businesses in the past five years—21 percent versus 43 percent. The number of firms owned by African-American women grew even faster, at 50%. (8)
The Walker’s Legacy Black Women Entrepreneur Fast Fact Sheet shines a light on the challenges and overcomings that Black women in business face through statistical data. Understanding the systematic inequalities between Black women in business and their various counterparts is crucial for the timely national movements and conversations and their respective supportive efforts.
For the complete Black Women Entrepreneurs, Fast Fact Sheet click here.