Connect with us

#NNPA BlackPress

Report: Companies Owned by Women of Color Account for 89 Percent of All New Women-Owned Businesses

NNPA NEWSWIRE — The annual report, based on U.S. Census Bureau data adjusted by Gross Domestic Product data, found that women-owned businesses continue to trend above all others. Over the past five years, the number of women-owned businesses increased by 21 percent, while all enterprises increased by only 9 percent.

Published

on

When looking at specific minority groups over the last five years, growth in sidepreneurship is up 99 percent among African American women, compared to 70 percent for Native Hawaiian and Pacific Islanders, 63 percent for Asian Americans, 46 percent for Latina/Hispanic women, and 36 percent among Native Americans/Alaska Native businesswomen. (Photo: iStockphoto / NNPA)

By Stacy M. Brown, NNPA Newswire Senior Correspondent
@StacyBrownMedia

Crystal Etienne is a businesswoman, wife, and mother of two children.

She’s also the founder of Ruby Love, a $10 million personal care company that she built in just four years.

“My dream was to always work for myself,” Etienne, a New York native, stated in an email to NNPA Newswire.

“However, I did have thoughts about going to law school. Understanding the political side of things, certain laws, and the rights of those around me always excited me, especially if I felt someone was wronged,” she said.

“I ended up going a different route and landed a job in finance,” Etienne continued. “Math, equations, and anything that had to do with business was something I was always good at. It was my strong suit, which is ironic because I disliked accounting and finance as a student.”

But her dreams have come true, she said. “The end goal was to always work for myself,” Etienne stated. “I am now in a position to make my own decisions and take control of my course in life.”

Etienne’s success helps to underscore a growing trend highlighted in the most recent State of Women-Owned Businesses Report, which noted that women of color account for 89 percent (1,625) of the new businesses opened every day over the past year.

The annual report, based on U.S. Census Bureau data adjusted by Gross Domestic Product data, found that women-owned businesses continue to trend above all others.

Over the past five years, the number of women-owned businesses increased by 21 percent, while all enterprises increased by only 9 percent.

Total employment by women-owned businesses rose 8 percent. At the same time, to all companies, the increase was far lower at 1.8 percent, and total revenue for women-owned businesses also rose slightly above all others: 21 percent compared to 20 percent, respectively.

The State of Women-Owned Businesses Report also found that as work has trended toward side hustles and the gig economy, so had female entrepreneurship.

Over the last five years, growth in the number of women “sidepreneurs” grew nearly twice as fast as the overall growth in female entrepreneurship: 39 percent to 21 percent.

Minority women are responsible for a large portion of that growth from 2014-2019, where “sidepreneurship” among minority women-owned businesses was two times higher than others: 65 percent compared to 32 percent.

When looking at specific minority groups over the last five years, growth in sidepreneurship is up 99 percent among African American women, compared to 70 percent for Native Hawaiian and Pacific Islanders, 63 percent for Asian Americans, 46 percent for Latina/Hispanic women, and 36 percent among Native Americans/Alaska Native businesswomen.

The report concluded that women of color are starting businesses at 4.5 times the average rate, and, in nearly every category, women of color are leading the women-owned business charge.

The rise in businesses owned by women of color could correlate to the power they’ve displayed at the ballot box.

Since 2000, the number of eligible women of color voters has increased by 59 percent – a gain of more than 13 million potential voters, according to the Center for American Progress (CAP). Black, Latina, Native American, Multiracial, and Asian American, Native Hawaiian, and Pacific Islander women voters are emerging as a collective powerhouse, CAP officials stated.

In CAP’s “Women of Color: A Powerhouse in the U.S. Electorate,” report, authors Danyelle Solomon and Connor Maxwell used new survey data to explore the voter eligibility, electoral participation, and distinct interracial and intraracial policy perspectives of women of color.

The report examined a host of issues from health care and economic inequality to public safety, racial and gender discrimination, and immigration.

“In the past decade, the voter-eligible population of women of color increased six times faster than that of white women, yet candidates, journalists, and policymakers rarely acknowledge their ability to affect elections,” stated Solomon, the vice president of Race and Ethnicity Policy at the CAP, and co-author of the report.

“Women of color are the canaries in the coal mine. When you center them in your policymaking agenda, outcomes for all Americans will improve. Continuing to ignore the policy priorities of this powerhouse of voters will only further undermine the health of our democracy and further exacerbate racial and gender inequalities,” Solomon stated.

“This report affirms what we already know: Women of color are an important – and growing – a catalyst for change in our democracy,” said Aimee Allison, the founder and president of She the People.

#NNPA BlackPress

Recently Approved Budget Plan Favors Wealthy, Slashes Aid to Low-Income Americans

BLACKPRESSUSA NEWSWIRE — The most significant benefits would flow to the highest earners while millions of low-income families face cuts

Published

on

By Stacy M. Brown

BlackPressUSA.com Senior National Correspondent

The new budget framework approved by Congress may result in sweeping changes to the federal safety net and tax code. The most significant benefits would flow to the highest earners while millions of low-income families face cuts. A new analysis from Yale University’s Budget Lab shows the proposals in the House’s Fiscal Year 2025 Budget Resolution would lead to a drop in after-tax-and-transfer income for the poorest households while significantly boosting revenue for the wealthiest Americans. Last month, Congress passed its Concurrent Budget Resolution for Fiscal Year 2025 (H. Con. Res. 14), setting revenue and spending targets for the next decade. The resolution outlines $1.5 trillion in gross spending cuts and $4.5 trillion in tax reductions between FY2025 and FY2034, along with $500 billion in unspecified deficit reduction.

Congressional Committees have now been instructed to identify policy changes that align with these goals. Three of the most impactful committees—Agriculture, Energy and Commerce, and Ways and Means—have been tasked with proposing major changes. The Agriculture Committee is charged with finding $230 billion in savings, likely through changes to the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps. Energy and Commerce must deliver $880 billion in savings, likely through Medicaid reductions. Meanwhile, the Ways and Means Committee must craft tax changes totaling no more than $4.5 trillion in new deficits, most likely through extending provisions of the 2017 Tax Cuts and Jobs Act. Although the resolution does not specify precise changes, reports suggest lawmakers are eyeing steep cuts to SNAP and Medicaid benefits while seeking to make permanent tax provisions that primarily benefit high-income individuals and corporations.

To examine the potential real-world impact, Yale’s Budget Lab modeled four policy changes that align with the resolution’s goals:

  1. A 30 percent across-the-board cut in SNAP funding.
  2. A 15 percent cut in Medicaid funding.
  3. Permanent extension of the individual and estate tax cuts from the 2017 Tax Cuts and Jobs Act.
  4. Permanent extension of business tax provisions including 100% bonus depreciation, expense of R&D, and relaxed limits on interest deductions.

Yale researchers determined that the combined effect of these policies would reduce the after-tax-and-transfer income of the bottom 20 percent of earners by 5 percent in the calendar year 2026. Households in the middle would see a modest 0.6 percent gain. However, the top five percent of earners would experience a 3 percent increase in their after-tax-and-transfer income.

Moreover, the analysis concluded that more than 100 percent of the net fiscal benefit from these changes would go to households in the top 20 percent of the income distribution. This happens because lower-income groups would lose more in government benefits than they would gain from any tax cuts. At the same time, high-income households would enjoy significant tax reductions with little or no loss in benefits.

“These results indicate a shift in resources away from low-income tax units toward those with higher incomes,” the Budget Lab report states. “In particular, making the TCJA provisions permanent for high earners while reducing spending on SNAP and Medicaid leads to a regressive overall effect.” The report notes that policymakers have floated a range of options to reduce SNAP and Medicaid outlays, such as lowering per-beneficiary benefits or tightening eligibility rules. While the Budget Lab did not assess each proposal individually, the modeling assumes legislation consistent with the resolution’s instructions. “The burden of deficit reduction would fall largely on those least able to bear it,” the report concluded.

Continue Reading

#NNPA BlackPress

A Threat to Pre-emptive Pardons

BLACKPRESSUSA NEWSWIRE — it was a possibility that the preemptive pardons would not happen because of the complicated nature of that never-before-enacted process.

Published

on

By April Ryan

President Trump is working to undo the traditional presidential pardon powers by questioning the Biden administration’s pre-emptive pardons issued just days before January 20, 2025. President Trump is seeking retribution against the January 6th House Select Committee. The Trump Justice Department has been tasked to find loopholes to overturn the pardons that could lead to legal battles for the Republican and Democratic nine-member committee. Legal scholars and those closely familiar with the pardon process worked with the Biden administration to ensure the preemptive pardons would stand against any retaliatory knocks from the incoming Trump administration. A source close to the Biden administration’s pardons said, in January 2025, “I think pardons are all valid.  The power is unreviewable by the courts.”

However, today that same source had a different statement on the nuances of the new Trump pardon attack. That attack places questions about Biden’s use of an autopen for the pardons. The Trump argument is that Biden did not know who was pardoned as he did not sign the documents. Instead, the pardons were allegedly signed by an autopen.  The same source close to the pardon issue said this week, “unless he [Trump] can prove Biden didn’t know what was being done in his name. All of this is in uncharted territory. “ Meanwhile, an autopen is used to make automatic or remote signatures. It has been used for decades by public figures and celebrities.

Months before the Biden pardon announcement, those in the Biden White House Counsel’s Office, staff, and the Justice Department were conferring tirelessly around the clock on who to pardon and how. The concern for the preemptive pardons was how to make them irrevocable in an unprecedented process. At one point in the lead-up to the preemptive pardon releases, it was a possibility that the preemptive pardons would not happen because of the complicated nature of that never-before-enacted process. President Trump began the threat of an investigation for the January 6th Select  Committee during the Hill proceedings. Trump has threatened members with investigation or jail.

Continue Reading

#NNPA BlackPress

Reaction to The Education EO

BLACKPRESSUSA NEWSWIRE — Meanwhile, the new Education EO jeopardizes funding for students seeking a higher education. Duncan states, PellGrants are in jeopardy after servicing “6.5 million people” giving them a chance to go to college.

Published

on

By April Ryan

There are plenty of negative reactions to President Donald Trump’s latest Executive Order abolishing the Department of Education. As Democrats call yesterday’s action performative, it would take an act of Congress for the Education Department to close permanently. “This blatantly unconstitutional executive order is just another piece of evidence that Trump has absolutely no respect for the Constitution,” said Rep. Maxine Waters (D-CA) who is the ranking member on the House Financial Services Committee. “By dismantling ED, President Trump is implementing his own philosophy on education, which can be summed up in his own words, ‘I love the poorly educated.’ I am adamantly opposed to this reckless action, said Rep. Bobby Scott who is the most senior Democrat on the House Education and Workforce Committee.

Morgan State University President Dr. David Wilson chimed in saying “I’m deeply concerned about efforts to shift federal oversight in education back to the states, particularly regarding equity, justice, and fairness. History has shown us what happens when states are left unchecked—Black and poor children are too often denied access to the high-quality education they deserve. In 1979 then President Jimmy Carter signed a law creating the Department of Education. Arne Duncan, former Obama Education Secretary, reminds us that both Democratic and Republican presidents have kept education a non-political issue until now. However, Duncan stressed Republican presidents have contributed greatly to moving education forward in this country.

During a CNN interview this week Duncan said during the Civil War President Abraham “Lincoln created the land grant system” for colleges like Tennessee State University. “President Ford brought in IDEA.” And “Nixon signed Pell Grants into law.” In 2001, the No Child Left Behind Act was signed into law by President George W. Bush which increased federal oversight of schools through standardized testing. Meanwhile, the new Education EO jeopardizes funding for students seeking higher education. Duncan states, PellGrants are in jeopardy after servicing “6.5 million people” giving them a chance to go to college. Wilson details, “that 40 percent of all college students rely on Pell Grants and student loans.”

Rep. Alma Adams (D-NC) says this Trump action “impacts students pursuing higher education and threatens 26 million students across the country, taking billions away from their educational futures. Meanwhile, During the president’s speech in the East Room of the White House Thursday, Trump criticized Baltimore City, and its math test scores with critical words. Governor West Moore, who is opposed to the EO action, said about dismantling the Department of Education, “Leadership means lifting people up, not punching them down.”

Continue Reading

Subscribe to receive news and updates from the Oakland Post

* indicates required

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

Sen. Lola Smallwood-Cuevas (D-Los Angeles), center, is shown with other guest speakers at the Sacramento Chapter of the National Association of Women in Construction brunch held at the State Capitol on March 6, 2025. On the left is Jennifer Todd, LMS General Contractors Founder and President. To Todd’s right is Dr. Giovanna Brasfield, from Los Angeles-based Brasfield and Associates. CBM photo by Antonio Ray Harvey.
Activism1 day ago

Sen. Lola Smallwood-Cuevas Honors California Women in Construction with State Proclamation, Policy Ideas

Shutterstock
Activism1 day ago

Report Offers Policies, Ideas to Improve the Workplace Experiences of Black Women in California

UC Berkeley photo.
Bay Area1 day ago

Five Years After COVID-19 Began, a Struggling Child Care Workforce Faces New Threats

iStock.
Alameda County1 day ago

Trump Order Slashes Federal Agencies Supporting Minority Business and Neighborhood Development

Robert Harris (left) is a retired attorney at PG&E and former legal counsel for NAACP. Richard Fuentes is co-owner of FLUID510 and chair of the Political Action Committee, American Federation of State, County, and Municipal Employees (AFSCME) Council 57. Courtesy photos.
Activism1 day ago

We Fought on Opposite Sides of the Sheng Thao Recall. Here’s Why We’re Uniting Behind Barbara Lee for Oakland Mayor

From left: Rev. Dr. Jacqueline Thompson. Bishop Kevin Barnes. Pastor Mike McBride. Bishop Keith Clark. Pastor Michael Wallace. Courtesy photos.
Activism1 day ago

Faith Leaders Back Barbara Lee for Mayor, Criticize Candidate Loren Taylor for Dishonest Campaigning

Diana Becton has served at the Contra Costa County District Attorney since 2017. Richmond Standard photo.
Activism1 day ago

Group Takes First Steps to Recall District Attorney Diana Becton

Barbara Lee. and Loren Taylor. File photos.
Alameda County1 day ago

Candidates Barbara Lee and Loren Taylor Raise Nearly $550,000 Combined for April 15 Mayor’s Race

Front row: Megan Imperial, Genice Jacobs, Bobbi Lopez, Courtney Welch, Janani Ramachandran, Hercules Councilmember Dilli Bhattarai, Sarah Bell, Laura Babitt, Ashlee Jemmott, and Shawn Danino. Rear row: Ben Gould, Sam Davis, Victor Flores, Zac Bowling, Nate Hanson, Teddy Gray King, Cathy Adams, Neil Tsutsui, Sam Gould, Lauren Wilson, and Nick Pilch. Courtesy photo.
Activism1 day ago

District Delegates to State Democratic Party Central Committee Meeting Celebrate Election Victory

Activism3 days ago

Oakland Post: Week of March 19 – 25, 2025

#NNPA BlackPress4 days ago

Recently Approved Budget Plan Favors Wealthy, Slashes Aid to Low-Income Americans

#NNPA BlackPress4 days ago

A Threat to Pre-emptive Pardons

#NNPA BlackPress4 days ago

Reaction to The Education EO

#NNPA BlackPress4 days ago

Rev. Dr. Jamal Bryant’s Black Church Target Boycott Mobilizes 150,000

#NNPA BlackPress5 days ago

PRESS ROOM: The Urban One Podcast Network Announces Los Angeles Wildfires Podcast, ‘Altadena: After the Fire’

#NNPA BlackPress3 weeks ago

Target Takes a Hit: $12.4 Billion Wiped Out as Boycotts Grow

U.S. House Minority Leader Hakeem Jeffries (left) and Rep. Lateefah Simon (D-CA-12) (Right).
Activism1 month ago

U.S. House Minority Leader Hakeem Jeffries and Rep. Lateefah Simon to Speak at Elihu Harris Lecture Series

Blair Underwood (left) and Barbara Lee (right). Courtesy photo.
Activism1 month ago

Actor, Philanthropist Blair Underwood Visits Bay Area, Kicks Off Literacy Program in ‘New Oakland’ Initiative

Oakland City Hall. File photo.
Alameda County1 month ago

After Years of Working Remotely, Oakland Requires All City Employees to Return to Office by April 7

Barbara Lee. Courtesy photo.
Alameda County1 month ago

Lee Releases Strong Statement on Integrity and Ethics in Government

iStock.
Activism1 month ago

Lawsuit Accuses UC Schools of Giving Preference to Black and Hispanic Students

Day laborer zone sites are scattered across several streets in East Oakland, California. The sites allow workers to find temporary jobs in skilled labor such as construction, landscaping, and agriculture. Photo by Magaly Muñoz.
Activism3 weeks ago

Undocumented Workers Are Struggling to Feed Themselves. Slashed Budgets and New Immigration Policies Bring Fresh Challenges

Activism1 month ago

Oakland Post: Week of February 12 – 18, 2025

iStock.
Activism1 month ago

NNPA Launches National Public Education and Selective Buying Campaign

#NNPA BlackPress3 weeks ago

BREAKING Groundbreaking Singer Angie Stone Dies in Car Accident at 63

Rep. Barbara Lee. File photo.
Activism1 month ago

Former U.S. Rep. Barbara Lee Reflects on Her Career as She Bids Farewell to Congress

Ricki Stevenson, Blacks in Paris. Courtesy photo.
Activism1 month ago

Retired Bay Area Journalist Finds Success in Paris with Black History Tours

Paul Robeson. Public domain.
Arts and Culture1 month ago

Paul Robeson: A Voice for the Ages, A Champion for Justice

Activism4 weeks ago

Oakland Post: Week of February 26 – March 4, 2025

Late playwright August Wilson. Wikipedia photo.
Activism1 month ago

Griot Theater Company Presents August Wilson’s Work at Annual Oratorical Featuring Black Authors

Trending

Copyright ©2021 Post News Group, Inc. All Rights Reserved.