“African-American entrepreneurship, particularly in new businesses founded and led by Black women, has grown substantially over thelast few decades. In the most recent U.S. Census Survey of Business Owners, released in 2015, data shows that in the five-year period between 2007 and 2012, the number of majority Black-owned businesses grew 34%. Between 2002 and 2012, the number of businesses grew 116%.Female-owned businesses were the majority of Black businesses in 2012; at over 1.5 million businesses, they represent 59% of all Black businesses and 15% of all female-owned businesses. Black female-owned businesses have grown 67% since 2007 and 178% since 2002.”
We still have some work to do though:
At almost 2.6 million individual businesses, with over $150 billion in sales, Black businesses represent 9% of all U.S. businesses.
There has to be more push and encouragement for us to create our own path. We make up about 12% of the US population, yet close to 40% or more of our people fall subject to the Criminal Justice System. We need to make that 9% that we make up in businesses surpass that terrible statistic. With the empowerment and education of our people on the rise, we can make it happen! So if you have a goal, go for it. Yes, sometimes we have to be realistic about our individual situations so if you have to work a 9 to 5, do that but also make time to pursue YOUR DREAMS and instead of buildup someone else’s.
There's not enough platforms where the accomplishments, the joy and positive contributions to society women of color put forward are celebrated, so we created ADELPHEE. If I am not sharing black girl magic on ADELPHEE you can find me on blacknaps.org where I share natural hair care advice and tips.