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Power Play

Minority women entrepreneurs thrive in the United States.

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This story appears in the June 1998 issue of Entrepreneur. Subscribe »

Chalk another one up for minority women-owned businesses. According to a recent study by the National Foundation for Women Business Owners (NFWBO), this once-underrated segment of the working population is making fast strides in the business world.

Basing its findings on the most current U.S. Census data available, the NFWBO estimates that today, more than 1 million U.S. businesses are owned by minority women; these firms employ 1.7 million people; and they generate approximately $184 billion in sales. Additionally, the study reports that the number of minority women-owned firms is increasing three times faster than businesses overall.

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