1 in 3 Woman-Owned Firms are Run by Minorities

Successful businesses belong to minority women

black business woman on phone and computerOne in three women-owned firms are minority-owned, according to new research in the 2013 State of Women-Owned Businesses Report, which was commissioned by American Express OPEN, a credit card designed for small businesses.

Some findings, via a spokesperson:

• Firms owned by Asian American women number an estimated 620,300 as of 2013. These firms employ 649,000 workers in addition to the owner and generate an estimated $105 billion in revenue. Asian American women own 35% of all Asian American-owned firms, employ 21% of the workers employed by Asian American-owned firms, and contribute 18% of the revenue generated by Asian American-owned businesses;

• Firms owned by Native American or Alaska Native women number an estimated 111,400 as of 2013. These firms employ 44,900 workers in addition to the owner and generate an estimated $9.6 billion in revenue. Native American/Alaska Native women own 45% of all Native American/Alaska Native-owned firms, employ 31% of the workers, and contribute 28% of the revenue generated by Native American/Alaska Native-owned businesses;

• Firms owned by Native Hawaiian or Pacific Islander women number an estimated 18,200 as of 2013. These firms employ 14,100 workers in addition to the owner and generate an estimated $1.8 billion in revenue. Native Hawaiian/Pacific Islander women own 41% of all Native Hawaiian/Pacific Islander-owned firms, employ 36% of the workers, and contribute 25% of the revenue generated by Native Hawaiian/Pacific Islander owned businesses.

For more on geographical trends and methodology, head over to Business Wire.

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