According to figures released yesterday, a greater percentage of African American women own their own business than any other minority group. About 38% of African American-owned firms had female owners, compared to 28% for Latinos, 27% for American Indians/ Alaska Natives and 27% for Asian and Pacific Islanders. Some speculate that the high percentage of black female entrepreneurs is related to the “matriarchal nature of many black families.”
See Karen Robinson-Jacobs, Los Angeles Times, July 12, 2001