Report Reveals Huge Revenue Gap for Black Women Entrepreneurs

A recent report confirms what many in the startup world already knew to be true: the revenue gap for Black women entrepreneurs has been widening.

Even though women of color are starting businesses at a faster rate than any other demographic, a report commissioned by American Express found that the revenue disparity is actually increasing. Black Enterprise’s Charlene Rhinehart pointed out that this means Black female founders earn an average revenue of $24,000 per firm compared to $142,900 on average for all the women-owned businesses surveyed.

Today in our regular curation of must-read innovation and tech news, the Plug In South LA Beat, we’re taking a hard look at the latest numbers — and which resources for founders could help:

Black Women Entrepreneurs Earn $24,000 Average Revenue, According to Report

Photo Credit: Brandy Kennedy on Unsplash

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