The percentage of women-owned businesses is on the rise. “Between 1997 and 2015—a rate that’s 1.5 times the national average, according to the recently published “2015 State of Women-Owned Businesses Report” commissioned by American Express Open. Women now own 30% of all businesses in the U.S., accounting for some 9.4 million firms.” Amy Haimerl, “The fastest-growing group of entrepreneurs in America,” Fortune.
Remarkably, African American women have seen the largest increase, growing by 322%.
Margot Dorfman, CEO of the U.S. Women’s Chamber of Commerce is not surprised and attributes “the growth in women-owned firms to the lack of fair pay, fair promotion, and family-friendly policies found in corporate America,” she said. Amy Haimerl, “The fastest-growing group of entrepreneurs in America,” Fortune.
Furthermore, “women of color, when you look at the statistics, are impacted more significantly by all of the negative factors that women face. It’s not surprising that they have chosen to invest in themselves.” Amy Haimerl, “The fastest-growing group of entrepreneurs in America,” Fortune. Today, women-owned firms have grown 1.5 times the national average. This is great news for women entrepreneurs in the U.S.
Rod Turner
Rod Turner is the founder and CEO of Manhattan Street Capital, the #1 Growth Capital service for mature startups and mid sized companies to raise capital using Regulation A+. Turner has played a key role in building successful companies including Symantec/Norton (SYMC), Ashton Tate, MicroPort, Knowledge Adventure and more. He is an experienced investor who has built a Venture Capital business (Irvine Ventures) and has made angel and mezzanine investments in companies such as Bloom, Amyris (AMRS), Ask Jeeves and eASIC.
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