The U.S. Women's Chamber of Commerce Disputes Findings That Female Minority Entrepreneurs Increase More Than Other Business Owners

The U.S. Women's Chamber of Commerce (www.uswcc.org) takes issue with the misleading statements made today by the Minority Business Development Authority (MBDA) (a government agency established to foster the growth of minority-owned businesses in America). The MBDA reports minority women are establishing their own businesses nearly twice as fast as male minority entrepreneurs and more than four times non-minority men and women. The MBDA reports, between 1997 and 2002, the growth in number of minority women-owned firms was 57 percent, compared to 31 percent for minority male-owned firms. However, MBDA leaves out very important details providing insights into the financial success of...

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