Research Shows Georgia Is Tops For Businesses Owned By Black Women

May 2, 2013  |  

The 2013 State of Women Owned Business Report, produced by American Express OPEN, shows that the number of women-owned businesses across the country has gone up 59 percent since 1997. But even more impressive, the number of female entrepreneurs launching their own businesses has more than doubled in that same time period, jumping 112 percent.

The Athens Banner-Herald takes a closer look at the trend in that state, finding that the new female lifestyle is playing role. Women are waiting longer to get married and start a family, leaving more time to launch a business when they’re younger. But women who have also raised their family and built a career are waiting to act on their entrepreneurial spirit.

“According to the study, minority women-owned businesses have gone from fewer than a million nationwide in 1997 to 2.67 million today. Almost one in three women-owned businesses is run by a minority,” the article continues. Georgia also leads in the number of businesses owned by black women. On the flip side, Alaska ranks dead last for states with women-owned businesses. A woman business owner quoted in the Fairbanks Daily News-Miner says it’s because the top industries in Alaska tend to favor men, areas like mining and oil engineering.

To help promote women-owned businesses, the Small Business Association along with AMEX OPEN has just launched ChallengeHER, a national campaign to advance government contracting to women in business. According to information we received (and available here), the program will include free workshops, mentoring opportunities, and access to people who can sign off on those contracts.

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