The Survey of Business Owners revealed that between 2007 and 2012 the total number of firms in the U.S grew only 2.0%, however the the number of black-owned firms grew 34.5%. In a Random Samplings blog post Erika H. Becker-Medina reports on this increase in black-owned business which was led by women whose numbers climbed 66.9% during that time period from 900,000 to 1.5 million.
While women owned the majority (58.9%) of the 2.6 million black-owned businesses in America, there is still clear economic disparity between genders:
Even though black or African American-owned businesses were predominantly women-owned (58.9 percent), the reverse was true for revenue. Approximately two‑thirds (66.7 percent) of the $150.2 billion in sales generated by black or African American-owned firms were from male-owned businesses ($100.1 billion) in 2012.