African American Women Entrepreneurs

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combined they generate $1.5 trillion in sales. The statistics regarding women owning successful firms and transforming the definition of women entrepreneurship is in no form one sided or discriminatory. The women being represented are from all races, religious backgrounds, colors and creeds. Women of all background are identifying the needs of the world or their home base and essentially filling those needs. A significant factor that may play a role in this disparity can be contributed to the fact that women from low income countries often seek an additional means of income to support themselves and their families. Latin American women are among the most entrepreneurial on the globe, according to IADB(Inter-American Development Bank). Moreover, …show more content…

These African American women entrepreneurs employ nearly 200,000 people and create more than $14 billion in revenues (2004) and generate $51.4 billion(2016). Buttner, E. H., & Moore, D. P. (1997).Furthermore, African American women are both the fastest-growing segment of the women-owned-business population and the largest share of female business owners among women of color, at 13 percent. African American women are starting businesses at a rate six times the national average, and their 2.7 million firms are currently generating $226.8 billion in annual revenue and employing almost 1.4 million people.("How Women of Color Are Driving Entrepreneurship - Center for American Progress," …show more content…

Prior to venturing into entrepreneurship in the areas of construction, engineering, computer science, and fashion, all of these women held top 19 level positions for major companies. In the area of science, technology, and engineering, (Gite & Baskerville, 1996) spotlighted Margie Lewis, President and CEO of Parallax, Inc. Lewis developed an interest in space and nuclear power at an early age. After working as a safety advisor at a nuclear power plant and an inspector with the Nuclear Regulatory Agency in Washington, she decided to launch her own engineering and environmental management company. Lewis began operating her business in her home with $10,000 of her savings in 1993. Within 3 years, her enterprise grossed $13 million. (Bailey, C. L.

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