A recently published study, 2015 State of Women-Owned Businesses Report (pdf), commissioned by American Express Open, shows that the overall number of female-owned businesses grew by 74 percent between 1997 and 2015, which is 1.5 times the national average. The number of businesses owned by African-American women has grown 332 percent since 1997, according to Fortune magazine.
Read more: Black Women Represent Fastest-Growing Group of Entrepreneurs in U.S.
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