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2.4 Million Businesses in United States Owned By Women of Color By www.BusinessWomen.org Nationwide - Women everywhere are starting businesses, and are increasingly successful at it. As of 2002, there were nearly 7 million women-owned businesses in the country. According to the U.S. Census, 2.4 million (34%) of those are owned by women of color (African Americans, Hispanics, Asians, and Native Americans). This large group of minority business women are not just running traditional businesses like restaurants and hair salons. Many are running professional companies that offer a variety of services including: advertising, public relations, accounting, staffing, government contracting and more. According to the National Association of Business Women and Moms (NABWM), women have also become incredibly active in the field of network marketing. Companies such as Mary Kay, Herbalife, Color Me Beautiful, Warm Spirit, and Isagenix have recruited a record amount of business women who now work as consultants and sales associates. It's currently unknown, however, as to whether or not network marketing women are considered to be actual businesses owners. Despite this, minority women have a very strong role in the world of business and this could be what's preventing the United States economy from going into recession. The NABWM reports that women-owned firms generate $1.9 trillion in annual sales, and employ nearly 13 million people. About The National Association of Business Women and Moms The National Association of Business Women and Moms (NABWM) is an online initiative to help business women become successful. They represent a large community of women who want to be entrepreneurs and self-employed, and offer extensive research and home business ideas for women. For more details, visit: www.BusinessWomen.org PRESS CONTACT: National Association of Business Women and Moms info@businesswomen.org

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