The U.S.
is lucky to have 10 million businesses owned by women and minorities. These are
the innovative companies providing products and services across the country. US Media Studios highlights more information about them.
Women-owned businesses grew by almost 28 percent and
continue to make their mark in the business sector. Women are also taking a
greater share of companies in the nation. Hispanic women company owners have
grown to an impressive 87 percent in five years, and African America women business
owners rose 68 percent. These astounding rises in growth give hope to younger
generations that they too can aspire to own and operate a business.
US Media Studios also notes that there was an influx of new small business owners
in this time frame due to the Recession. People lost jobs and later started
home-based businesses. Women and minority-owned companies tend to be small with
perhaps 10 percent employing workers.
Small businesses are the backbone of the country. Without
them, there would be far less places to find what we’re looking for.
