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Press Room March 2014


Asian Women-Owned Businesses

Numbers and Characteristics

  • Asian women-owned firms across the country have total receipts of $87.7 billionThere are 522,969 Asian women-owned businesses1 in the United States. This reflects a tremendous 54% increase in number since 2002 and a 115.9% increase since 1997. In comparison, Asian men-owned businesses grew 62.3% from 1997 to 2007.

  • Asian women-owned firms across the country have total receipts of $87.7 billion. The total receipts of Asian women-owned firms grew 63.4% since 2002.

  • Women-owned firms make up 33.7% of all Asian nonfarm businesses across the country.

  • A full 82.5% of these firms are non-employer firms, with average receipts of $34,204.

  • The remaining 17.5% of the firms have paid employees, employing a total of 561,031 people across the country with a payroll of $14.9 billion. These employer firms have average receipts of $794,657.

Hispanic Women-Owned Businesses

Numbers and Characteristics

  • 780,000 Hispanic Women-owned BusinessesThere are 787,914 Hispanic women-owned businesses in the United States.  This reflects a tremendous 45.7% increase in number since 2002 and a 133.3% increase since 1997.  In comparison, Hispanic men-owned businesses grew 84.1% from 1997 to 2007.

  • Hispanic women-owned firms across the country have total receipts of $55.7 billion.  The total receipts of Hispanic women-owned firms grew 57.8% since 2002.

  • Women-owned firms make up 34.9% of all Hispanic nonfarm businesses across the country.

  • A full 93.3% of these firms are non-employer firms, with average receipts of $21,904.

  • The remaining 6.7% of the firms have paid employees, employing a total of 363,430 people across the country with a payroll of $9.3 billion.  These employer firms have average receipts of $745,729.

Mayor Rawlings-Blake, Congressman Cummings Launch Minority Business Development Agency Business Center in Baltimore

Baltimore Open House Ribbon CuttingBALTIMORE, MD. (March 21, 2014) —Today, Mayor Stephanie Rawlings-Blake joined U.S. Congressman Elijah E. Cummings, Alejandra Castillo, acting national director of U.S. Department of Commerce's Minority Business Development Agency (MBDA) and many other distinguished guests, to launch the MBDA Business Center – Baltimore, made possible through a three-year, $900,000 grant that was awarded in September 2013. Baltimore is the only municipality to be awarded this grant.

The MBDA Business Center – Baltimore will create and retain jobs by providing consulting services and facilitating access to contracts, capital and new international market opportunities to eligible minority and women-owned businesses.

“The MBDA Business Center will spur job creation and retention, as well as award more minority- and women-owned businesses with the support they need to grow and thrive," said Mayor Rawlings-Blake. “This center fits perfectly into my vision for growing Baltimore—through economic empowerment that can stimulate job creation. I want Baltimore to be a mecca for entrepreneurs and a place where small businesses know they can prosper.”

African American Women-Owned Businesses

Numbers and Characteristics

  • There are 911,728 African American women-owned businesses in the United States. This reflects a tremendous 66.7% increase in number since 2002 and a 191.4% increase since 1997.  In comparison, African American men-owned businesses grew 93.1% from 1997 to 2007.

  • African American women-owned firms across the country have total receipts of $36.8 billion.  The total receipts of African American women-owned firms grew 78.1% since 2002.

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