Hurrah!

United States sees huge surge in businesses run by minority women

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Adriana Ayales, owner of La Botica in New York. Overall, women-led companies increased by nearly 28 percent from 2007-2012. Danny Ghitis/The New York Times

The 2007-2012 census has revealed that the number of businesses owned by minority women in the United States has grown exponentially. Businesses owned by Hispanic women increased by 87 percent, and businesses helmed by black women saw a 68 percent increase. The number of businesses owned by Asian women jumped by 44 percent. Overall, women-led companies increased by nearly 28 percent. This is not wholly uplifting news: the years covered by the census included a recession period, and the total number of companies in the U.S. remained stagnant at 27.6 million between 2007 and 2012. It is possible that the spike in women-run businesses stemmed from the fact that many women lost their jobs. Still, the aforementioned statistics seemed to indicate a boon of opportunity for minority women, and to that we say, “Hurrah!”

Read the full story at CBS News.

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