Nearly half of new small businesses established by Black and Hispanic women shut down within a year

Recent years have seen increasing numbers of women of color enter the entrepreneurial sector, exceeding the growth in the number of businesses owned by men of color. In light of their new research, Marie T. Mora and Alberto Dávila argue that these trends are worrying, as nearly half of new businesses begun by black and Hispanic women fail within a year. They also find that those firms that were started a number of years previously by black and Hispanic women are at equal risk of failure as newer businesses.