On average, annual sales at businesses owned by Black Women are two times smaller than the next-lowest demographic group, Hispanic women, and close to five times smaller than for all women-owned businesses, according to the Federal Reserve.
Many black women have difficulty accessing credit and face capital constraint. According to the American Express 2018 State of Women-Owned Businesses report, “Growth in both employment and revenues begins to take off for women-owned businesses when they reach $250,000 in revenue.” The average annual sales for businesses owned by black women was $27,752 in 2012 (the most recent figures available), compared to $143,731 for all women and $170,587 for white women.
Here at Buy from a Black Woman, we make sure we take time to celebrate the vital role Black Women have played throughout American history, as well as the role we continue to play today. Not just during National Women’s Month, but all year long. Join us as we celebrate the many contributions of Black Women and as we continue to educate, empower and promote the growth of Black Women Business Owner.