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Black Women Entrepreneurs Earn $24,000 Average Revenue, According to Report
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Black women are leaving a footprint in all sectors of the economy from history-making victories in politics to extraordinary leaps as entrepreneurs. But when it comes to generating revenue and building wealth, black women still lag behind their white counterparts. In fact, black women report average revenues that are less than any other demographic surveyed within the United States.
According to a 2019 report commissioned by American Express, Black female founders earn average revenue of $24,000 per firm. That equates to less than 17% of what all women-owned businesses earn. The report reveals that the average revenue for all women-owned businesses is $142,900.
a celebration where don knapp is with local reaction to this historic event. don. reporter: dana, it is a little unusual for us to come to a rally in support of a revolution and then learn that the revolution is over, the people have won and now they are celebrating. that s what they are doing here at united nation s plaza, celebrating, not wanting to let go of this moment. egyptians everywhere are elated with their people s victory. absolute euphoria. elated. it is a proud moment for them. reporter: but are they too ufor euforic. egyptians have brought freedom to themselves a couple times before. hopefully they get it right this time. reporter: egyptians facing an uncertain future with a lot of possibilities. one may be a government formed by the tech savvy people that led the revolt. it is very uncertain what will happen. reporter: he works on middle east issues says there is also a chance the military may not want to relinquish power. we could see the musli