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39% of Black-owned businesses were owned by Black women in 2021, while men owned 53%. In the 2023 fiscal year, the SBA backed 4,781 loans to Black-owned businesses, totaling $1.45 billion.
In the United States, Black-owned businesses (or Black businesses), also known as African American businesses, originated in the days of slavery before 1865.Emancipation and civil rights permitted businessmen to operate inside the American legal structure starting in the Reconstruction Era (1863–77) and afterwards.
In 2021, as stated by the Center for American Women and Politics at Rutgers University, 27 Black women will serve in the 117th Congress, doubling the number of Black women to serve in 2011. [36] In 2014, Mia Love was the first black woman to be elected to Congress for the Republican Party . [ 37 ]
Corporate support for women in business is also on the rise, with small business grants [46] made available to help women in business. [47] [48] Affirmative action has been credited with "bringing a generation of women into business ownership" in the United States, following the 1988 Women's Business Ownership Act and subsequent measures. [49]
In recent years, Black-owned businesses have grown at the fastest pace in over 30 years, marking a pivotal moment in the journey to economic equity. And while the recent surge in Black-owned ...
While there was a significant spike in entrepreneurship as the world shifted in 2020, Black excellence in business existed long before then. Black women like Ursula M. Burns and Cathy Hughes ...
Black women are also at a higher chance of being overweight thus making them open to more obesity-related diseases. [46] There is also a racial disparity when it comes to pregnancy-related deaths. While there are 12.4 deaths for every 100,000 births for White women, the statistics for Black women is 40.0 deaths for every 100,000 births. [47]
The disparities are most dramatic in states like Mississippi, where Black people make up the largest share of the population of any state at 38%, Black women hold only 10 out of 174 seats in the ...