In 2022, the most recent year of data available, Black-owned business added $212 billion in revenue to the economy, employed an average of eight people per firm, and paid over $61 billion in total salaries.
According to Gusto’s report, nearly half of new businesses (49%) were founded by women last year—a 69% increase from 2019 and the highest in the report’s five-year history. These gains reflect a broader transformation: AAPI, Black and Latinx entrepreneurs are also increasing their footprint, with startup rates up 17%, 67% and 25%, respectively, since 2019.
Gender parity in entrepreneurship is not just a moral imperative but a crucial driver of economic growth and innovation. Yet, despite significant progress in promoting gender equality globally, women remain underrepresented in entrepreneurial ecosystems.
Never has the entrepreneurial landscape been as diverse and dynamic as in 2025, and women are at the pulpit, leading it. Barriers burst as female founders disrupt industries and reshape the global business environment anew.
The U.S. political system is feeling women’s economic might. But it’s just a fraction of the Female Domestic Product (FDP), an entirely new concept, which if unleashed fully, could create real change.
While systemic factors, like less access to funding and business education, have made it disproportionately more challenging for Black entrepreneurs than their non-Black peers, Black Americans still find ways to beat the seemingly impossible odds.
The investment community needs to hear from Latinas who have successfully scaled up their businesses, say Hispanic entrepreneurs and investors.
WEHub.org uses cookies to enhance your experience. Certain features and functions of this site won't work without them.