Black Women Unleashed - Leading the Pack: Business Launch and Ownership
Women own 30% of all business in the U.S., 14% of which are owned by African American women, according to the Center for American Progress. African American women are the fastest growing group of entrepreneurs in the nation, starting businesses at six times the national average, according to Black Enterprise Magazine. Despite the lack of funding, African American women are still leading the pack with business launch and ownership rates. Imagine their success rate if they were properly funded.
- 3 M Total number of firms owned by Black women
- 297,500 Workers employed by Black women-owned firms
- $52.6 B Revenues generated by Black women-owned firms
- Increasing the number of qualified Black Women who are willing to become angel investors for Black-Women owned businesses
- Encouraging entrepreneurship curricula at Historically Black Colleges and Universities (HBCUs): Morgan State University has a degree in Entrepreneurship from the School of Business and Management with courses on social entrepreneurship and entrepreneurial opportunity recognition. Copping State College of Business houses the Center for Strategic Ingepreneurship (correct spelling) to facilitate the development and dissemination of ingepreneurial knowledge and skills through research, teaching, and practice.
As Black Women, we must initiate and drive the conversation to prioritize entrepreneurship as a critical component of community economic development for the long-term health of the economy. Join the pack of lionessspirited Black Women and let empowerment lead the way.
Lydia Henry is the CEO of Vision Coach Dynamics, Coaching and Consulting; member of the US Ghana Chamber of Commerce – Chair of Women's Initiatives; a certified professional leadership coach. Her background includes successful careers with AT&T and Xerox Corp in corporate marketing and sales, an international business owner, a training facilitator for nonprofit, corporate and academic institutions, and an advocate for women's rights and advancement [email protected] Lydia Henry W