Women- and minority-owned businesses represent a substantial portion of the U.S. business landscape. According to the National

Women’s Business Council (2023), there are approximately 14 million women-owned firms—defined as businesses with at least 51% female ownership—accounting for 39.1% of all U.S. businesses. Similarly, U.S. Census Bureau data show that minority-owned firms comprise roughly one-third of all U.S. businesses, with 9.7 million minority-owned firms among approximately 31 million total businesses.

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Our survey of 110 women- and minority-owned firms reveals a community of businesses in crisis. Nearly half of respondents (48%) reported revenue decreases, while 54.5% experienced reduced business support over the past six months. These enterprises are facing unprecedented challenges, and the impact extends beyond individual businesses—threatening the broader economy and creating potential ripple effects across communities throughout the United States.

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The report is available below. 

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​Eight Years to Build, Nine Months to Destroy: The Women- and Minority-Owned Business Crisis

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