Gender Equity in Business Ownership: State-by-State Analysis of a New Equity Index

Between 2014 and 2019, the number of women-owned businesses grew by 21%, far outpacing the rate of growth in the number of businesses overall (just 9%). This impressive growth was even more pronounced among businesses owned by women of color, with the number of women of color owned businesses growing at double the rate (43%), and, specifically, the number of African American/Black women-owned businesses increasing by 50%.